The Latest Breaking News from Otis Worldwide

Otis Worldwide is set to announce its second-quarter results later this month, and analysts anticipate a single-digit earnings dip.

Otis Worldwide is set to report its first-quarter earnings later this month, with analysts anticipating modest, single-digit growth in its bottom-line performance.

The existing global base of elevators is reaching the age where it needs to be modernized. That is great news for Otis, which has the largest installed base in the world. The growth is already happening, with modernization orders up 23% in 2023. Much more is to come.

Despite Otis Worldwide underperforming the broader market over the past year, analysts remain moderately bullish on the stock’s prospects.

Upgrades

Within the last quarter, Otis Worldwide (NYSE:OTIS) has observed the following analyst ratings:

Analysts have provided the following ratings for Otis Worldwide (NYSE:OTIS) within the last quarter:

Upgrades

Over the past 3 months, 4 analysts have published their opinion on Otis Worldwide (NYSE:OTIS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.