Weakness in the Building Solutions Asia Pacific segment and increasing expenses weigh on JCI. Unfavorable foreign currency movement is an added concern.
JCI boosts the AI capabilities in its OpenBlue Enterprise Manager suite, introducing generative AI applications, improved building controls and an enhanced user experience.
I reiterate a “Buy” rating on Johnson Controls International plc with a one-year target price of $98 per share due to strong data center growth. Johnson Controls achieved 10% organic revenue growth and 8% order growth, driven by high demand in the data center market. The company's data center business doubled its revenue and is projected to grow at a double-digit pace, contributing significantly to overall growth.
JCI's fiscal fourth-quarter results benefit from strength in the HVAC & controls businesses.
The company exceeded analyst projections on both its top and bottom lines in its latest completed quarter.
Johnson Controls International plc (NYSE:JCI ) Q4 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Jim Lucas - Vice President, Investor Relations George Oliver - Chairman and Chief Executive Officer Marc Vandiepenbeeck - Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Steve Tusa - JPMorgan Scott Davis - Melius Research Julian Mitchell - Barclays Chris Snyder - Morgan Stanley Joe Ritchie - Goldman Sachs Jeffrey Sprague - Vertical Research Partners Andrew Obin - Bank of America Deane Dray - RBC Capital Markets Nicole DeBlase - Deutsche Bank Joe O'Dea - Wells Fargo Noah Kaye - Oppenheimer Operator Good morning, and welcome to the Johnson Controls Fourth Quarter 2024 Earnings Conference Call. Today all participants' will be in a listen-only mode.
Although the revenue and EPS for Johnson Controls (JCI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Johnson Controls (JCI) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.05 per share a year ago.
JCI's Q4 results are likely to benefit from continued improvement in the HVAC & Controls business.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Johnson Controls (JCI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Johnson Controls (JCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Johnson Controls (JCI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.