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

Otis Worldwide

23/07/2025 14:31

Otis Worldwide Corp OTIS.N reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.06.  The mean expectation of nine analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from $1.00  to $1.06 per share.

Revenue fell 0.2% to $3.60 billion from a year ago; analysts expected $3.71 billion.

Otis Worldwide Corp's reported EPS for the quarter was 99 cents​.

The company reported quarterly net income of $393 million.

Otis Worldwide Corp shares had risen by 2.0% this quarter and gained 9.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.4% 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  "buy."

Wall Street's median 12-month price target for Otis Worldwide Corp is $103.00, about 2% above its last closing price of $100.99

This summary was machine generated from LSEG data July 23 at 01:31 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
Jun. 30 2025
1.03
1.05
Beat
Mar. 31 2025
0.91
0.92
Beat
Dec. 31 2024
0.95
0.93
Missed
Sep. 30 2024
0.97
0.96
Missed