Carrier Global Corporation (NYSE:CARR ) Morgan Stanley's 12th Annual Laguna Conference September 11, 2024 11:10 AM ET Company Participants David Gitlin - Chairman & CEO Patrick Goris - SVP & CFO Conference Call Participants Christopher Snyder - Morgan Stanley Cedar Ekblom - Morgan Stanley Christopher Snyder All right. Thanks, everybody.
With soaring summer heat in America, some stocks will benefit from consumers turning down their thermostats and enjoying more time indoors. This should translate to higher spending on practical products and services such as air conditioning and related items.
Carrier is transforming into a pure-play HVAC company but remains diversified by geography and exposure to secular trends like electrification and data center growth. Viessmann Climate Solutions and China are currently experiencing headwinds, but North American residential is strong, along with commercial globally. Despite hitting new highs, CARR stock valuation remains cheaper than peers.
Carrier's (CARR) second-quarter 2024 results reflect strength in the HVAC segment.
The headline numbers for Carrier Global (CARR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The HVAC company's sales missed the mark.
Carrier Global (CARR) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.79 per share a year ago.
Carrier Global (CARR) 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.
Carrier stock has climbed to a new high and is trading around a buy point. HVAC stocks have been hot with one of them now a 10-bagger.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
As global temperatures rise, so too does the demand for cooling technologies. This demand creates a market for solutions that keep things cool, encompassing everything from residential air conditioners to sophisticated commercial refrigeration systems.
There's a huge opportunity ahead for HVAC companies to help building owners meet net zero emissions standards and conform to regulatory requirements. This housing building materials company might be making a critical strategic acquisition at the bottom of the market.