CARR Earnings Prediction
The chart below shows how CARR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CARR sees a +1.21% change in stock price 10 days leading up to the earnings, and a +4.21% change 10 days following the report. On the earnings day itself, the stock moves by -0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
CARR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.98B
4.41%
-10.54%
Gross Margin
28.28%
-10.90%
0.04%
Operating Margin
12.70%
-20.97%
14.83%
Net Margin
9.99%
50.23%
-71.80%
EPS
0.49
16.67%
-80.78%
No Data Available
CARR Earnings Analysis
Carrier Global Corporation Corporation (CARR.N) Earnings Conference Call
Positive
Organic Orders Increase: Organic orders were up 20% compared to last year, continuing to increase our backlog, positioning us for continued growth as we head into 2025.
Organic Sales Growth Strategy: The team drove 4% organic sales growth by leaning into verticals of strength to help offset continued headwinds in residential and light commercial HVAC in Europe and China.
Sustained After-Market Growth: We delivered double-digit after-market growth, and we are on a path for our fourth year in a row of double-digit growth.
Core Earnings Conversion: Organic sales growth, combined with productivity drove very strong core earnings conversion of about 40%.
Share Repurchase Activity: We repurchased roughly $400 million worth of shares in Q3.
Negative
Sales Decline Adjustment: Sales were down about 25% rather than our estimated 20%, resulting in the full-year expectation now being down in the high teens rather than our previous estimate of down in the mid-teens.
Operating Margin Decline: Adjusted operating margin was down 40 basis points.
HVAC Margin Decline: HVAC segment operating margins were down 100 basis points as expected.
Residential Market Decline: Sales in the residential and light commercial markets in China were down low-single digits, reflecting continued market weakness in that segment.
Final Divestiture Completion: The company expects to close on the final divestiture commercial and residential fire by year-end.
CARR FAQs
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CARR Earning Call Sentiment
Carrier Global Corporation (CARR) Q3 2024 Earnings Call Transcript
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CARR.N
-3.84%Positive
The earnings call summary and Q&A indicate strong financial performance with a 21% increase in sales, driven by organic growth and contributions from Viessmann Climate Solutions. Despite a slight margin decline, the company exceeded EPS guidance and demonstrated robust order growth. The planned share buyback and expected revenue synergies from Viessmann further support a positive outlook. However, management's reluctance to provide specific future guidance and unclear responses to certain questions slightly temper the sentiment. Overall, the positive financial results and strategic initiatives suggest a positive stock price movement over the next two weeks.