Here's Why Investors Must Hold Otis Worldwide (OTIS) Stock Now [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
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 of 9.3% from the year-ago reported figure. First-quarter 2024 earnings are expected to increase 8.8% year over year. OTIS also delivered a trailing four-quarter earnings surprise of 6.7%, on average. The growth prospect is further solidified with a VGM Score of B, backed by a Growth Score of A. The positive trend signifies bullish analysts' sentiments, robust fundamentals and the prospects of an outperformance in the near term. However, the aforementioned tailwinds are partially offset by headwinds in the form of high costs and expenses along with the high concentration of the company's business in the international market. Image Source: Zacks Inve
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OTIS
News
- Otis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Co. (NYSE: OTIS) had its price target raised by analysts at JPMorgan Chase & Co. from $104.00 to $105.00. They now have a "neutral" rating on the stock.MarketBeat
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $102.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- Nigeria Elevator and Escalator Market Report 2024, with Key Player Analysis for Otis, KONE, Mitsubishi Electric, TK Elevator, Hyundai Elevator, FUJIHD Elevator, Hitachi, Kleemann and Akotex Elevator [Yahoo! Finance]Yahoo! Finance
- OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/5/24 - Form ARS
- OTIS's page on the SEC website