Otis Worldwide (OTIS) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.87 per share a year ago.
Otis Worldwide Corporation, despite international headwinds, shows resilience with projected net sales and EPS growth of 1.2% and 9% respectively, driven by strong financials and buybacks. The company faces challenges, particularly in China, but maintains a solid balance sheet, minimal CAPEX, and a strong dividend growth track record. Lower interest rates and frequent buybacks provide tailwinds, positioning Otis for potential upside with a 2026 price target of $115 per share.
Dive in to know more about the factors likely to influence OTIS' fourth-quarter 2024 results.
Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
OTIS stock benefits from innovation and restructuring actions. However, increased costs, along with foreign exchange risks, mar prospects.
Otis Worldwide's advanced and revolutionary vertical transportation offerings are set to grace the 68-storeyed Dawn KLCC building.
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?
Otis Worldwide is a market leader with high-margin recurring revenue and a strong economic moat but faces headwinds in the Chinese market, while trading at a premium valuation. The company's rich history is overshadowed by its short time as a standalone entity, making it less visible to dividend focused retail investors who look at dividend raise streaks. Significant exposure to foreign markets in its high-margin service business pose currency risks and questions about long-term growth rates.
Otis Worldwide Corporation (NYSE:OTIS ) Q3 2024 Earnings Call Transcript October 30, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Vice President of Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President & Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Joe O'Dea - Wells Fargo Chris Snyder - Morgan Stanley Patrick Bowman - JP Morgan Chase Operator Good morning, and welcome to Otis' Third Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay.
OTIS' third-quarter 2024 results reflect dismal demand trends in China and EMEA, partially offset by higher sales trends in the Americas and Asia Pacific.
The headline numbers for Otis Worldwide (OTIS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Otis Worldwide (OTIS) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.95 per share a year ago.