Company Overview - Otis Worldwide Corporation (NYSE: OTIS) is an elevator company with a long-standing history dating back to the 1800s when its founder, Elisha Graves, sold the first elevator [1]. Investment Perspective - The company has a short dividend track record, which may be a consideration for dividend-focused investors [1]. - The article emphasizes the importance of quality over quantity in investment, particularly for lower and middle-class workers aiming to build investment portfolios of high-quality, dividend-paying companies [1].

Otis Worldwide Corporation (OTIS) is scheduled to report fourth-quarter 2024 results on Jan. 29, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s adjusted earnings and net sales missed the Zacks Consensus Estimate by 1% and 1.3%, respectively. On a year-over-year basis, the metrics increased 1.1% and 0.7%, respectively.OTIS’ earnings surpassed the consensus mark in three of the trailing four quarters and missed on the ...

Core Viewpoint - Otis Worldwide Corporation has authorized a $2 billion share repurchase program, effective January 16, 2025, while canceling approximately $100 million from a previous program [1]. Company Overview - Otis is the world's leading company in elevator and escalator manufacturing, installation, and service, moving 2.3 billion people daily and maintaining around 2.3 million customer units globally [2]. - The company is headquartered in Connecticut, USA, and employs 71,000 people, including 42,000 field professionals, serving customers in over 200 countries and territories [2].

FARMINGTON, Conn., Jan. 8, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 29, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's full year and fourth quarter results and 2025 outlook.We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be ava ...

Otis Worldwide Corporation (OTIS) is benefiting from its innovation investments, which are directly fostering the demand for its services globally, thus boosting its backlog. Furthermore, its strategic approach toward allocating its capital for rewarding shareholders, along with restructuring initiatives, are other noteworthy aspects.Shares of this elevator and escalator manufacturing, installation and service company have lost 8.2% in the past month compared with the Zacks Building Products - Miscellaneous ...

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 ...