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Otis Worldwide (OTIS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2024, Otis Worldwide (OTIS - Free Report) reported revenue of $3.68 billion, up 1.5% over the same period last year. EPS came in at $0.93, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.65 billion, representing a surprise of +0.72%. The company delivered an EPS surprise of -2.11%, with the consensus EPS estimate being $0.95.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $2.32 billion versus $2.30 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
Net Sales- New Equipment: $1.36 billion versus the three-analyst average estimate of $1.35 billion. The reported number represents a year-over-year change of -7.4%.
Adjusted Operating Profit- New Equipment: $65 million versus the three-analyst average estimate of $70.69 million.
Adjusted Operating Profit- Service: $572 million compared to the $571.59 million average estimate based on three analysts.
Operating Profit- General corporate expenses and other: -$102 million versus the two-analyst average estimate of -$42.66 million.
Shares of Otis Worldwide have returned +3.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Otis Worldwide (OTIS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2024, Otis Worldwide (OTIS - Free Report) reported revenue of $3.68 billion, up 1.5% over the same period last year. EPS came in at $0.93, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.65 billion, representing a surprise of +0.72%. The company delivered an EPS surprise of -2.11%, with the consensus EPS estimate being $0.95.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $2.32 billion versus $2.30 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
- Net Sales- New Equipment: $1.36 billion versus the three-analyst average estimate of $1.35 billion. The reported number represents a year-over-year change of -7.4%.
- Adjusted Operating Profit- New Equipment: $65 million versus the three-analyst average estimate of $70.69 million.
- Adjusted Operating Profit- Service: $572 million compared to the $571.59 million average estimate based on three analysts.
- Operating Profit- General corporate expenses and other: -$102 million versus the two-analyst average estimate of -$42.66 million.
View all Key Company Metrics for Otis Worldwide here>>>Shares of Otis Worldwide have returned +3.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.