Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down

Oct 30, 2024 · Otis Worldwide Corporation OTIS reported dismal results in the third quarter of 2024, with adjusted earnings and net sales missing the Zacks Consensus Estimate. The …

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Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down

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Oct 30, 2024 · Otis had cash and cash equivalents of $827 million as of Sept. 30, 2024, down from $1.27 billion reported in 2023-end. Long-term debt was $5.6 billion as of the third-quarter …

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Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down

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Oct 30, 2024 · Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down. Zacks Equity Research ... Currency headwinds impacted sales by 0.8%. Otis Worldwide Corporation …

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Otis Worldwide (OTIS) Misses Q3 Earnings And Revenue Estimates

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Oct 30, 2024 · Otis Worldwide (OTIS) delivered earnings and revenue surprises of -1.03% and 1.25%, respectively, for the quarter ended September 2024. Do the numbers hold clues to …

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OTIS REPORTS THIRD QUARTER 2024 RESULTS

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Oct 30, 2024 · Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%. GAAP earnings per share (EPS) increased 47.3% to …

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Otis Worldwide Corp (OTIS) Q3 2024 Earnings Call Highlights: …

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Oct 31, 2024 · Service Operating Profit Margin: 24.8% in Q3. Adjusted SG&A: Lower by $18 million year-to-date, improving as a percentage of sales by 10 basis points. 2024 Sales …

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Otis Worldwide Corp Q3 Profit Increases, But Misses Estimates

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Oct 30, 2024 · Otis Worldwide Corp revealed a profit for its third quarter that increased from last year but missed the Street estimates. The company's earnings totaled $540 million, or $1.34 …

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Compared To Estimates, Otis Worldwide (OTIS) Q3 Earnings: A …

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Oct 30, 2024 · Net Sales- Service: $2.24 billion compared to the $2.21 billion average estimate based on three analysts. The reported number represents a change of +7.2% year over year. …

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Why Is Otis Worldwide (OTIS) Up 4.4% Since Last Earnings Report ...

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Nov 29, 2024 · Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down Otis Worldwide Corporation reported dismal results in the third quarter of 2024, with adjusted …

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Otis (NYSE:OTIS) Misses Q3 Revenue Estimates - Yahoo Finance

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Oct 30, 2024 · Elevator manufacturer Otis (NYSE:OTIS) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $3.55 billion. The company’s full-year …

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What To Expect From Otis Worldwide's Q3 2024 Earnings Report

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Oct 7, 2024 · On Jul. 24, shares of OTIS fell 7.1% after its Q2 earnings release. The company reported revenues of $3.6 billion, missing the Wall Street estimates by 2.9%. Moreover, it …

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What To Expect From Otis Worldwide's Q3 2024 Earnings Report

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Oct 7, 2024 · The company is set to announce its Q3 earnings on Wednesday, Oct. 23. Ahead of the event, analysts expect OTIS to report a profit of $0.97 per share, up 2.1% from $0.95 in …

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Compared To Estimates, Otis Worldwide (OTIS) Q3 Earnings: A …

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Oct 30, 2024 · Compared to Estimates, Otis Worldwide (OTIS) Q3 Earnings: A Look at Key Metrics ... Net Sales- Service: $2.24 billion compared to the $2.21 billion average estimate …

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Unlocking Q3 Potential Of Otis Worldwide (OTIS): Exploring

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Oct 28, 2024 · Wall Street analysts forecast that Otis Worldwide (OTIS) will report quarterly earnings of $0.97 per share in its upcoming release, pointing to a year-over-year increase of …

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FAQs about Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down Coupon?

How did Otis perform in the third quarter of 2024?

Otis Worldwide Corporation OTIS reported dismal results in the third quarter of 2024, with adjusted earnings and net sales missing the Zacks Consensus Estimate. The company reported lower-than-expected earnings in the quarter after four consecutive quarters of earnings beat. The top and bottom lines increased on a year-over-year basis. ...

How did Otis worldwide perform in the just reported quarter?

Here is how Otis Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Service: $2.24 billion compared to the $2.21 billion average estimate based on three analysts. The reported number represents a change of +7.2% year over year. ...

What is the consensus EPS estimate for Otis worldwide (Otis)?

The current consensus EPS estimate is $0.98 on $3.77 billion in revenues for the coming quarter and $3.88 on $14.4 billion in revenues for the current fiscal year. Otis Worldwide (OTIS) delivered earnings and revenue surprises of -1.03% and 1.25%, respectively, for the quarter ended September 2024. ...

How much money does Otis worldwide make?

Otis Worldwide (NYSE:OTIS) has a recorded net income of $1.41 billion. OTIS has generated $3.46 earnings per share over the last four quarters. What is Otis Worldwide's price-to-earnings ratio? Otis Worldwide (NYSE:OTIS) has a trailing price-to-earnings ratio of 26.73 and a forward price-to-earnings ratio of 23.89. ...

How did Otis perform in Q3 cy2024?

Otis’s annualized revenue growth of 2% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. Elevator manufacturer Otis (NYSE:OTIS) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $3.55 billion. ...

How does Otis report its financial results?

Otis Worldwide Corporation ("Otis") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. ...