Investors might want to bet on Otis Worldwide (OTIS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The po ...

Highlights accelerating portfolio growth with Service sales growing mid-single digits or higher, while gaining share in New Equipment Outlines medium-term outlook* with low to mid-single digit organic sales growth and over 10% annualized adjusted EPS growth Plans to return over $8 billion in capital to shareholders through dividends and share repurchases through 2028 FARMINGTON, Conn., Feb. 15, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) is hosting its 2024 Investor Day at the New York St ...

FARMINGTON, Conn., Feb. 1, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock. The dividend will be payable on March 8, 2024, to shareholders of record at the close of business on February 16, 2024. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units world ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-K ____________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. Commission file number 001-39221 ____________________________________ OTIS WORLDWIDE CORPORATION (Exact name of registra ...

Company Participants Judy Marks - Chief Executive Officer and President Anurag Maheshwari - Executive Vice President and Chief Financial Officer Gautam Khanna - TD Cowen Miguel Borrega - Exane BNP Paribas I'll now turn it over to Michael Rednor, Vice President of Investor Relations. Michael, you may begin. Thank you, Krista. Welcome to Otis' fourth quarter 2023 earnings conference call. On the call with me today are Judy Marks, Chair, CEO, and President; and Anurag Maheshwari, Executive Vice President and C ...

For the quarter ended December 2023, Otis Worldwide (OTIS) reported revenue of $3.62 billion, up 5.3% over the same period last year. EPS came in at $0.87, compared to $0.75 in the year-ago quarter.The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $3.57 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +2.35%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Otis Worldwide (OTIS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.35%. A quarter ago, it was expected that this company would post earnings of $0.87 per share when it actually produced earnings of $0.95, delivering a surprise of 9.20%.Over the last four quarters, the company has ...

Delivers strong fourth quarter and full year results; announces 2024 outlook with solid sales and earnings growth with continued Service momentum 4Q Net sales up 5.3% and organic sales up 3.8%; GAAP EPS up 11.3% and adjusted EPS up 16.0% 4Q New Equipment orders up 3%; backlog up 2% 4Q Mod orders up 11%; backlog up 15% Maintenance portfolio units up 4.2% FY Net sales up 3.8% and organic sales up 5.6%; GAAP EPS up 14.5% and adjusted EPS up 11.7% FY GAAP cash flow from operations of $1.6 billion; free cash flo ...

Otis Worldwide Corporation (OTIS) is scheduled to report fourth-quarter 2023 results on Jan 31, before the opening bell.In the last reported quarter, OTIS’ earnings beat the Zacks Consensus Estimate by 9.2% and rose 18.8% year over year. Net sales beat the consensus mark by 1.2% and gained 5.4% year over year.Otis’ earnings topped the consensus mark in each of the last 15 quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at ...

Wall Street analysts expect Otis Worldwide (OTIS) to post quarterly earnings of $0.85 per share in its upcoming report, which indicates a year-over-year increase of 13.3%. Revenues are expected to be $3.57 billion, up 3.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to g ...