Otis Worldwide (OTIS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago.
OTIS' first-quarter performance is likely to have been impacted by lower New Equipment sales, with maintenance portfolio growth benefiting the results.
Beyond analysts' top -and-bottom-line estimates for Otis Worldwide (OTIS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Upgrading Otis Worldwide to a Buy rating due to its defensive qualities and recent outperformance amid market volatility, reflecting investor confidence. Otis's service business, accounting for 85% of operating profit, offers stable, high-margin, recession-resistant cash flows, making it a strong defensive play. Despite its premium valuation, Otis's robust free cash flow and dividend growth, supported by share buybacks, make it an attractive investment in current market conditions.
Otis Worldwide's innovation ability reflects from its recent project win in Kaohsiung, Taiwan. Click here to learn more about the new project win.
Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?
Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
OTIS Q4 results hurt by a dismal New Equipment segment performance but gain from the Service segment. Dive in to get a clear picture about the quarter.
Otis Worldwide Corporation (NYSE:OTIS ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Rob Quartaro - Vice President, Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President and Chief Financial Officer Conference Call Participants Joseph O'Dea - Wells Fargo Rob Wertheimer - Melius Research Amit Mehrotra - UBS Nigel Coe - Wolfe Research Julian Mitchell - Barclays Jeffrey Sprague - Vertical Research Partners Steve Tusa - JPMorgan Chris Snyder - Morgan Stanley Nick Housden - RBC Capital Markets Miguel Borrega - BNP Paribas Operator Good morning and welcome to Otis' Fourth Quarter 2024 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay.
Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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.