
Elevator manufacturer Otis (NYSE: OTIS) will be reporting results this Wednesday morning. Here’s what to expect.
Otis missed analysts’ revenue expectations last quarter, reporting revenues of $3.80 billion, up 3.3% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates and a miss of analysts’ organic revenue estimates.
Is Otis a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Otis’s revenue to grow 4.6% year on year, a reversal from the 2.5% decrease it recorded in the same quarter last year.

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 Street’s revenue estimates multiple times over the last two years.
Looking at Otis’s peers in the industrial machinery segment, only Worthington has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 24.4%. The stock was down 4.6% on the results.
Read our full analysis of Worthington’s earnings results here.There has been positive sentiment among investors in the industrial machinery segment, with share prices up 11.6% on average over the last month. Otis is up 2.1% during the same time and is heading into earnings with an average analyst price target of $99 (compared to the current share price of $80.69).
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