OTIS Earnings Prediction
The chart below shows how OTIS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OTIS sees a +0.97% change in stock price 10 days leading up to the earnings, and a +2.44% change 10 days following the report. On the earnings day itself, the stock moves by -1.51%. This data can give you a slight idea of what to expect for the next quarter's release.
OTIS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.55B
0.71%
-1.47%
Gross Margin
30.38%
2.32%
1.40%
Operating Margin
10.48%
-37.62%
-35.03%
Net Margin
15.70%
40.05%
25.60%
EPS
1.34
47.25%
31.37%
No Data Available
OTIS Earnings Analysis
Otis Worldwide Corporation Corporation (OTIS.N) Earnings Conference Call
Positive
Top-Line Growth Achievement: Otis returned to top-line growth in the third quarter as we continued to demonstrate the strength of our Service-driven business model with solid third quarter results.
Service Sales Growth: In Service, we delivered high single digit growth in Q3, bringing year-to-date service organic sales to 6.4% with all lines of business contributing.
Maintenance and Modernization Growth: We achieved maintenance portfolio growth of 4.2% and our modernization backlog increased 12% at constant currency.
Free Cash Flow and Buybacks: In Q3, we generated $381 million in adjusted free cash flow and completed $200 million in share repurchases.
Free Cash Flow and Repurchases: Year-to-date, we've generated approximately $900 million in adjusted free cash flow and returned $800 million through share repurchases as we execute on our disciplined capital allocation strategy.
Negative
Equipment Orders Decline: New equipment orders were down 3% in the third quarter, indicating a sequential improvement versus the first two quarters of the year, despite continued challenging market conditions.
China Order Decline: Orders in China experienced a greater than 20% decline due to continued economic softness in the region.
Equipment Backlog Decline: New equipment backlog at constant currency was down 3% versus the prior year, reflecting a decrease in demand.
Decline in Operating Profit Margin: Adjusted operating profit margin came in at 6.4%, indicating a decline compared to the previous year, driven by higher interest expenses and foreign exchange headwinds.
Equipment Sales Decline: Year-to-date, new equipment sales are down over $250 million and operating profit has declined by $20 million at constant currency versus the prior year.
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OTIS Earning Call Sentiment
Otis Worldwide Corporation (OTIS) Q3 2024 Earnings Call Transcript
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OTIS.N
1.11%Positive
The earnings call presents a mixed picture. While there are strong performances in the Service segment and a robust shareholder return plan, challenges in the New Equipment market, especially in China, weigh heavily. The Q&A reveals cautious optimism with potential growth in the Mod market but uncertainty in stimulus impacts. The positive aspects like share repurchases and service growth are offset by regional challenges and cautious financial outlooks, leading to a neutral sentiment overall.