Core Viewpoint - Carrier Global Corporation is preparing to release its quarterly earnings on February 5, 2026, with analysts estimating an EPS of $0.37 and projected revenue of $5.05 billion [1][6]. Group 1: Demand and Revenue - The company is experiencing strong demand in its Commercial HVAC segment and aftermarket services, despite challenges in residential demand [2][6]. - The Zacks Consensus Estimate forecasts an EPS of $0.36, reflecting a 33.33% increase from the previous year, but a 10% decrease over the past 30 days. Revenue is expected to be $5.04 billion, a 2.04% decline from the previous year [2]. - For the fourth quarter, robust demand is anticipated in the Americas for commercial HVAC, with double-digit growth in aftermarket services [3]. Group 2: Sales and Earnings Projections - Carrier Global aims for $22 billion in sales for 2025, indicating flat organic growth, and adjusted earnings of $2.65 per share, a 4% year-over-year increase [3]. - Analysts expect a decline in earnings for the quarter ending December 2025, with lower revenues, making the upcoming earnings report crucial for stock movement [4]. Group 3: Financial Metrics - The company has a P/E ratio of 13.55, a price-to-sales ratio of 2.43, and an enterprise value to sales ratio of 2.92 [5][6]. - The enterprise value to operating cash flow ratio is high at 40.15, with an earnings yield of 7.38% [5]. - The debt-to-equity ratio stands at 0.85, indicating moderate debt, and the current ratio is 1.14, suggesting reasonable liquidity [5][6].

Core Viewpoint - Carrier Global Corp. has provided its adjusted earnings and sales guidance for the full year 2026, projecting adjusted earnings of approximately $2.80 per share with sales and organic sales growth expected to be flat to low-single-digits [1] Financial Projections - For fiscal 2026, analysts expect the company to report earnings of $2.88 per share with revenue growth of 2.89 percent, translating to approximately $22.61 billion in revenue [2] - The company's full-year guidance includes the anticipated divestiture of Riello, expected to conclude by the end of Q1 2026, which will result in a year-over-year sales headwind of about $350 million and a reduction of approximately $0.03 in adjusted earnings per share [2] Market Performance - In pre-market trading on Thursday, Carrier Global Corp. shares are priced at $60.80, reflecting a decrease of $2.86 or 4.49 percent [3]

Core Insights - Carrier Global Corporation reported a significant decline in financial performance for Q4 2025, with net sales of $4.8 billion, down 6% year-over-year, and organic sales down 9% [3][5]. - The company continues to experience strong growth in its commercial HVAC segment, with Q4 orders increasing nearly 50%, driven by data center wins [2][4]. - The overall operating profit for Q4 was $101 million, reflecting an 87% decline from the previous year, primarily due to weaker residential markets and distributor destocking [4][6]. Financial Performance - Q4 2025 net sales were $4,837 million, compared to $5,148 million in Q4 2024, marking a 6% decrease [3]. - Organic sales decreased by 9%, partially offset by a 3% positive impact from foreign currency translation [3]. - Adjusted operating profit for Q4 was $455 million, down 33% from $678 million in the prior year [6]. - The diluted earnings per share (EPS) from continuing operations was $0.03, compared to a loss of $0.05 in the previous year [5][6]. Segment Performance - Climate Solutions Americas (CSA) reported a 17% decline in net sales to $1,935 million, with organic sales also down 17% [7]. - Climate Solutions Europe (CSE) saw a 6% increase in net sales to $1,332 million, although organic sales were down 2% [9]. - Climate Solutions Asia Pacific, Middle East & Africa (CSAME) experienced a 9% decline in net sales to $798 million, with organic sales also down 9% [11]. - Climate Solutions Transportation (CST) reported a 13% increase in net sales to $772 million, with organic sales up 10% [12]. Cash Flow and Shareholder Returns - Net cash flows from operating activities for Q4 were $1,040 million, with free cash flow of $909 million [14]. - The company returned approximately $3.7 billion to shareholders, including $0.8 billion in dividends and $2.9 billion in share repurchases [5]. Full-Year Guidance for 2026 - Carrier expects continued double-digit growth in global commercial HVAC and aftermarket, with a projected sales range of approximately $22 billion for 2026 [15][16]. - The guidance includes a headwind of about $350 million in sales and a $0.03 impact on adjusted EPS due to the divestiture of Riello [15]. - Adjusted operating profit is expected to be around $3.4 billion, with adjusted EPS projected at $2.80 [15][16].

Core Insights - Carrier Global Corporation (CARR) has a market capitalization of $51.5 billion and operates as a global provider of intelligent climate and energy solutions, with a focus on HVAC and Refrigeration segments [1] Stock Performance - Over the past 52 weeks, CARR stock has declined by 3.1%, underperforming the S&P 500 Index, which has increased by 15.4%. However, year-to-date, CARR shares are up 15.8%, surpassing the S&P 500's 1.1% rise [2] - CARR has also underperformed compared to the State Street Industrial Select Sector SPDR ETF (XLI), which has returned 23.3% over the same period [3] Financial Performance - Following the release of its Q3 2025 results on October 28, CARR shares saw a slight increase. The company reported $341 million in operating cash flow and $224 million in free cash flow for the quarter, with guidance for approximately $22 billion in full-year 2025 sales and adjusted EPS of about $2.65 [5] - Analysts project CARR's adjusted EPS to grow nearly 2% year-over-year to $2.61 for the fiscal year ending December 2025. The company has a strong earnings surprise history, having exceeded consensus estimates in the last four quarters [6] Analyst Ratings - Among the 23 analysts covering CARR, the consensus rating is a "Moderate Buy," consisting of 11 "Strong Buy" ratings, one "Moderate Buy," and 11 "Holds" [6] - The sentiment has slightly shifted from three months ago, with 12 "Strong Buy" ratings currently [8]

Core Insights - Carrier Global (CARR) is set to report its fourth-quarter 2025 results on February 5, 2026, with earnings estimated at 36 cents per share, reflecting a 10% decrease over the past 30 days but a year-over-year increase of 33.33% [1] - Revenue estimates for the quarter are pegged at $5.04 billion, indicating a 2.04% year-over-year decline [1] Financial Performance Expectations - For the full year 2025, Carrier Global anticipates sales of $22 billion, indicating flat organic growth, with adjusted earnings expected at $2.65 per share, representing a year-over-year growth of 4% [2] - The Zacks Consensus Estimate for 2025 revenues is $21.95 billion, reflecting an 8.54% year-over-year decline, while the consensus for earnings is $2.61 per share, down 3 cents over the past 30 days, suggesting a year-over-year increase of 1.95% [2] Historical Performance - Carrier Global has consistently surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average earnings surprise of 10.22% [3] Factors Influencing Q4 Performance - The fourth-quarter performance is expected to benefit from strong momentum in the Commercial HVAC and aftermarket services segments, particularly in the Americas, where the Commercial HVAC segment is projected to grow over 25% for 2025 [5] - Aftermarket services have been experiencing double-digit growth for several years, a trend likely to continue in the upcoming quarter [6] - The integration of Viessmann Climate Solutions and the launch of new product lines are expected to enhance heat pump volumes and market reach [6] Challenges - Weakness in the residential and light commercial businesses, especially in the Americas and Europe, poses a concern, with CSA Resi sales expected to decline approximately 30% in Q4 due to ongoing destocking efforts and sluggish demand in the residential market [7][9] Earnings Prediction Model - According to the Zacks model, Carrier Global has an Earnings ESP of -1.13% and a Zacks Rank of 3 (Hold), indicating lower odds of an earnings beat [8]

Company Overview - Carrier Global Corporation (NYSE:CARR) specializes in climate and energy solutions through HVAC and refrigeration products and services [3] Performance Insights - The company reported in-line sales with a solid earnings beat, although there was surprising softness in its residential business [3] - The commercial business is performing exceptionally well, particularly in climate control and data center solutions [3] Management Commentary - Jim Cramer expressed confidence in CEO Dave Gitlin's leadership and recent acquisition strategy, despite some concerns regarding reliance on the European market [1][3] - Cramer recommends buying the stock now and holding it for the long term [1]

Core Insights - Carrier Abound has launched a new generative AI feature called "Tell Me More" within its Abound™ Insights Assistant application, aimed at enhancing operational performance for building operations teams [1][2] - The feature is designed to help facility managers and technicians interpret AI-driven predictive insights more effectively, enabling quicker and more confident decision-making [2][3] Product Features - "Tell Me More" integrates equipment operations and maintenance learning from the Abound Insights platform with generative AI, creating a conversational experience that supports technician workflows and knowledge transfer [3] - The feature provides context to predictive insights and recommended actions, reducing ambiguity and facilitating faster issue resolution, which in turn improves equipment uptime and energy efficiency [4] Market Context - The Abound platform currently connects to over 150,000 pieces of equipment across various building environments, delivering predictive insights that align performance with operational needs [5] - Carrier is focused on advancing intelligent and sustainable building solutions by leveraging AI at scale, helping customers operate more efficiently while preparing for a resilient future [5]

Core Thesis - Carrier Global Corporation is positioned as a high-quality industrial franchise with strong demand and favorable long-term growth drivers, despite facing near-term cyclical pressures in residential HVAC [2][3]. Company Overview - Carrier Global Corporation specializes in intelligent climate and energy solutions across various regions, including the United States, Europe, and Asia Pacific [2]. - The company has undergone a strategic transformation, exiting its Fire & Security and Commercial Refrigeration businesses to focus solely on HVAC and climate solutions [2]. Market Position and Growth Drivers - The company's refined focus aligns with long-term trends in energy efficiency, sustainability, and infrastructure modernization [3]. - Although residential demand is expected to soften through 2025, Carrier's commercial segment is anticipated to perform strongly, driven by AI-driven data center expansion and the demand for high-efficiency cooling systems [3]. - Tightening global environmental regulations and the increasing adoption of heat pumps are expected to create a multi-year replacement cycle that is resilient and largely non-discretionary [3]. Investment Strategy - Selling the March 2026 $50 puts indicates confidence in Carrier's business fundamentals and provides downside protection, as this level aligns with the company's 52-week low [4]. - The implied entry price of $49.20, after collecting an $0.80 premium, offers a significant margin of safety compared to the current share price of approximately $57.30 [5]. - The investment strategy is designed to capitalize on Carrier's evolution into a leading climate and energy solutions provider, which the market may currently undervalue [5].

Core Insights - Carrier Global Corporation (CARR) is experiencing challenges despite its successful transformation into an HVAC business, particularly due to soft trends in the North American market [1]. Company Overview - Carrier Global Corporation has undergone a full transformation to focus on HVAC (heating, ventilation, and air conditioning) [1]. - The company is currently facing headwinds, indicating potential difficulties in maintaining growth or profitability in the near term [1]. Market Trends - The North American market is showing soft trends, which may impact Carrier's performance and investor sentiment [1].

Core Viewpoint - Carrier Global Corporation is set to release its fourth quarter 2025 earnings on February 5, 2026, and will host a conference call and webcast at 7:30 a.m. ET [1]. Group 1: Earnings Release - The earnings release will be accompanied by a conference call and webcast, with a presentation and news release available on the investor relations website prior to the call [2]. - A recording of the conference call will be accessible on the website later in the day [2]. Group 2: Company Overview - Carrier Global Corporation is a global leader in intelligent climate and energy solutions, focusing on innovations that enhance comfort, safety, and sustainability [3]. - The company has a long history of advancements in climate solutions, including temperature control and air quality, and is committed to improving lives and empowering critical industries [3]. - Carrier has been a pioneer in modern air conditioning since 1902 and emphasizes a customer-centric approach through its inclusive workforce [3].