FARMINGTON, Conn., April 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 24, 2024, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Anurag Maheshwari will discuss the company's first quarter results and 2024 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 available on th ...

Otis Worldwide Corporation (OTIS) is benefiting from strategic investments in research and development, and digital initiatives, which are fostering its innovation capabilities. Higher backlog levels, across its New Equipment segment and Modernization (under the Service segment) unit also indicate solid top-line prospects for the company.The Zacks Consensus Estimate for this currently Zacks Rank #3 (Hold) company's 2024 earnings has risen to $3.87 per share from $3.82 in the past 30 days, indicating growth ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

Higher interest rates were supposed to crush the housing market. However, despite mortgage rates remaining elevated, there isn’t much sign of a serious slowdown in the housing sector. And government stimulus has helped elevate building activity in the infrastructure and renewable energy sectors among others.All this adds up to a more optimistic outlook for construction stocks. In fact, quite a few companies across the infrastructure, building materials, and architecture and engineering space are at or near ...

Otis will modernize 34 elevators and eight escalators and maintain all units in the world-famous landmark   Otis installed the iconic building's original elevators and escalators in 2010 The Burj Khalifa is the world's tallest building, welcoming approximately 17 million visitors annually These upgrades will support safe and efficient vertical mobility for years to come DUBAI, UAE, March 6, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading manufacturer of elevators, escalato ...

Have you been paying attention to shares of Otis Worldwide (OTIS) ? Shares have been on the move with the stock up 3.9% over the past month. The stock hit a new 52-week high of $92.93 in the previous session. Otis Worldwide has gained 3.3% since the start of the year compared to the 5.2% move for the Zacks Construction sector and the 8.6% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of th ...

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 ...