Otis Worldwide Corp reports results for the quarter ended December 31 - Earnings Summary

Otis Worldwide

29/01/2025 14:32

* Otis Worldwide Corp  OTIS.N  reported quarterly adjusted
earnings of 93 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 87 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 96 cents per share. Wall
Street expected results to range from 93 cents to 99 cents per
share.
    * Revenue rose 1.5% to $3.68 billion from a year ago;
analysts
expected $3.64 billion. 
    * Otis Worldwide Corp's reported EPS for the quarter was 84
cents​.
    * The company reported quarterly net income of $337 million.
    * Otis Worldwide Corp shares had risen by 3.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
electrical
equipment peer group is also "hold"

Wall Street's median 12-month price target for Otis Worldwide
Corp is $100.00 
This summary was machine generated from LSEG data January 29 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.96           0.93           Missed
 Sep. 30 2024      0.97           0.96           Missed
 Jun. 30 2024      1.03           1.06           Beat
 Mar. 31 2024      0.87           0.88           Beat