Otis Worldwide (OTIS) Beats Q3 Earnings and Revenue Estimates

Core Viewpoint - Otis Worldwide reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $1 per share, and showing an increase from $0.96 per share a year ago, indicating a positive earnings surprise of +5.00% [1][2] Financial Performance - The company achieved revenues of $3.69 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.19%, and up from $3.55 billion in the same quarter last year [2] - Over the last four quarters, Otis Worldwide has exceeded consensus EPS estimates three times and topped revenue estimates twice [2] Stock Performance and Outlook - Otis Worldwide shares have declined approximately 1.4% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [3] - The company's current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $3.87 billion, and for the current fiscal year, it is $4.02 on revenues of $14.46 billion [7] Industry Context - The Manufacturing - General Industrial industry, to which Otis Worldwide belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Otis Worldwide's stock performance [5][6]