Otis Worldwide Corp reports results for the quarter ended in September 30 - Earnings Summary

Otis Worldwide

30/10/2024 15:21

* Otis Worldwide Corp  OTIS.N  reported quarterly adjusted
earnings of 96 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 95 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 97 cents per share. Wall
Street expected results to range from 95 cents to 99 cents per
share.
    * Revenue rose 0.7% to $3.55 billion from a year ago;
analysts
expected $3.59 billion. 
    * Otis Worldwide Corp's reported EPS for the quarter was
$1.34​.
    * The company reported quarterly net income of $540 million.
    * Otis Worldwide Corp shares had fallen by 2.5% this
quarter and
gained 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 12
"hold" and no "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 97.50 
This summary was machine generated from LSEG data October 30 at
03:20 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
 Sep. 30 2024      0.97           0.96           Missed
 Jun. 30 2024      1.03           1.06           Beat
 Mar. 31 2024      0.87           0.88           Beat
 Dec. 31 2023      0.86           0.87           Beat