Carrier Global (CARR) Q4 Earnings and Revenues Miss Estimates

Core Viewpoint - Carrier Global reported quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.54 per share a year ago, indicating an earnings surprise of -6.49% [1] Financial Performance - The company posted revenues of $4.84 billion for the quarter ended December 2025, missing the Zacks Consensus Estimate by 4.08%, and down from $5.15 billion year-over-year [2] - Over the last four quarters, Carrier Global has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Carrier Global shares have increased approximately 20.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.53 on $5.1 billion in revenues for the coming quarter and $2.85 on $22.37 billion in revenues for the current fiscal year [7] - The estimate revisions trend for Carrier Global was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Building Products - Air Conditioner and Heating industry is currently in the bottom 35% of the Zacks industries, which may impact the stock's performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can materially affect stock performance [5][8]