Otis (OTIS) Q1 Earnings: What To Expect

OTIS Cover Image

Elevator manufacturer Otis (NYSE: OTIS) will be reporting results tomorrow before market hours. Hereโ€™s what investors should know.

Otis beat analystsโ€™ revenue expectations by 1% last quarter, reporting revenues of $3.68 billion, up 1.5% year on year. It was a slower quarter for the company, with a miss of analystsโ€™ adjusted operating income estimates and full-year revenue guidance missing analystsโ€™ expectations.

Is Otis a buy or sell going into earnings? Read our full analysis here, itโ€™s free.

This quarter, analysts are expecting Otisโ€™s revenue to decline 2.4% year on year to $3.35 billion, a reversal from the 2.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share.

Otis Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Otis has missed Wall Streetโ€™s revenue estimates four times over the last two years.

Looking at Otisโ€™s peers in the industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GE Aerospace posted flat year-on-year revenue, missing analystsโ€™ expectations by 7.9%, and 3M reported a revenue decline of 25.6%, topping estimates by 4.6%.

Read our full analysis of GE Aerospaceโ€™s results here and 3Mโ€™s results here.


When a company has more cash than it knows what to do with, buying back its own shares can make a lot of senseโ€“as long as the price is right. Luckily, weโ€™ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  234.42
+0.00 (0.00%)
AAPL  286.19
+0.00 (0.00%)
AMD  215.24
+0.00 (0.00%)
BAC  53.19
+0.00 (0.00%)
GOOG  316.02
+0.00 (0.00%)
META  647.10
+0.00 (0.00%)
MSFT  490.00
+0.00 (0.00%)
NVDA  181.46
+0.00 (0.00%)
ORCL  201.10
+0.00 (0.00%)
TSLA  429.24
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Gift this article