Otis Worldwide Corporation (NYSE: OTIS ) is the world's largest manufacturer, installer, and servicer of elevators and escalators. While not a high-growth, trendy tech stock, Otis offers a different kind of appeal: stable, high-margin, recurring revenue streams underpinned by a strong economic moat. I gravitate towards these types of companiesI am an investment professional with a background in both equity and real estate markets. I specialize in identifying long-only opportunities that offer safe and growi ...

Otis Worldwide Corporation (OTIS) reported dismal results in the third quarter of 2024, with adjusted earnings and net sales missing the Zacks Consensus Estimate. The company reported lower-than-expected earnings in the quarter after four consecutive quarters of earnings beat. The top and bottom lines increased on a year-over-year basis. See the Zacks Earnings Calendar to stay ahead of market-making news. The quarterly results reflect soft contributions from the company's New Equipment segment due to tepid ...

Otis Worldwide (OTIS) reported $3.55 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.7%. EPS of $0.96 for the same period compares to $0.95 a year ago.The reported revenue represents a surprise of -1.25% over the Zacks Consensus Estimate of $3.59 billion. With the consensus EPS estimate being $0.97, the EPS surprise was -1.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

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Otis Worldwide (OTIS) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.03%. A quarter ago, it was expected that this company would post earnings of $1.03 per share when it actually produced earnings of $1.06, delivering a surprise of 2.91%. Over the last four quarters, the company ...

Exhibit 99 Quarter Ended September 30, Nine Months Ended September 30, OTIS REPORTS THIRD QUARTER 2024 RESULTS Otis delivers continued strong Service performance with high single digit Service sales growth • GAAP EPS up 47.3% and adjusted EPS up 1.1% • Service net sales up 7.2% and Service organic sales up 7.7% • Maintenance portfolio units increased 4.2% • Mod orders up 3%, backlog up 14%, up 12% at constant currency • GAAP cash flow from operations of $394 million; adjusted free cash flow of $381 million ...

Wall Street analysts forecast that Otis Worldwide (OTIS) will report quarterly earnings of $0.97 per share in its upcoming release, pointing to a year-over-year increase of 2.1%. It is anticipated that revenues will amount to $3.59 billion, exhibiting an increase of 2% compared to the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration o ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Otis Worldwide (OTIS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better t ...

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Company Overview - Otis Worldwide Corporation is the world's leading elevator and escalator manufacturing, installation, and service company [3] - The company moves 2.3 billion people daily and maintains approximately 2.3 million customer units globally, representing the industry's largest service portfolio [3] - Headquartered in Connecticut, USA, Otis employs 71,000 people, including 42,000 field professionals, serving customers in over 200 countries and territories [3] Upcoming Events - Otis will host a conference call on October 30, 2024, at 8:30 a.m. ET to discuss the company's third quarter results and 2024 outlook [1] - A corresponding presentation and news release will be available on the company's website prior to the call, with a recording accessible later in the day [2] - Investors unable to join via the webcast can contact Otis investor relations for alternative dial-in information [2]