Unlocking Q2 Potential of Otis Worldwide (OTIS): Exploring Wall Street Estimates for Key Metrics

Core Insights - Otis Worldwide (OTIS) is expected to report quarterly earnings of $1.02 per share, a decline of 3.8% year-over-year, with revenues projected at $3.68 billion, reflecting a 2.3% increase compared to the same period last year [1] - The consensus EPS estimate has been revised upward by 1.4% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Financial Metrics - Analysts forecast 'Net Sales- Service' to reach $2.32 billion, indicating a year-over-year increase of 6.4% [5] - 'Net Sales- New Equipment' is projected to be $1.34 billion, suggesting a decline of 5.6% year-over-year [5] - The average prediction for 'Adjusted Operating Profit- New Equipment' is $78.03 million, down from $113.00 million reported in the same quarter last year [5] - 'Adjusted Operating Profit- Service' is expected to be $576.18 million, compared to $550.00 million from the previous year [6] Market Performance - Shares of Otis Worldwide have returned +5.7% over the past month, outperforming the Zacks S&P 500 composite's +5.4% change [6] - Otis Worldwide holds a Zacks Rank 2 (Buy), indicating expectations to outperform the overall market in the near future [6]