Otis Worldwide Corp reports results for the quarter ended December 31 - Earnings Summary

• Otis Worldwide Corp OTIS.N reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of nine analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 93 cents to 99 cents per share.

• Revenue rose 1.5% to $3.68 billion from a year ago; analysts expected $3.64 billion.

• Otis Worldwide Corp's reported EPS for the quarter was 84 cents​.

• The company reported quarterly net income of $337 million.

• Otis Worldwide Corp shares had risen by 3.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the heavy electrical equipment peer group is also "hold"

Wall Street's median 12-month price target for Otis Worldwide Corp is $100.00

This summary was machine generated from LSEG data January 29 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)