Otis Worldwide (OTIS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Group 1 - Otis Worldwide reported revenue of $3.68 billion for the quarter ended December 2024, reflecting a 1.5$0.93, up from $0.87 in the same period last year [1] - Revenue exceeded the Zacks Consensus Estimate of$3.65 billion, resulting in a surprise of +0.72% [1] Group 2 - Net Sales from Service reached $2.32 billion, surpassing the estimated$2.30 billion, marking a year-over-year increase of +7.6% [4] - Net Sales from New Equipment totaled $1.36 billion, slightly above the estimate of$1.35 billion, but showed a year-over-year decline of -7.4% [4] - Adjusted Operating Profit for New Equipment was reported at $65 million, below the average estimate of$70.69 million [4] Group 3 - The stock of Otis Worldwide has returned +3.5% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The company currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]