Otis Worldwide (NYSE:OTIS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.55b (flat on 3Q 2023).

• Net income: US$540.0m (up 44% from 3Q 2023).

• Profit margin: 15% (up from 11% in 3Q 2023).

• EPS: US$1.35 (up from US$0.92 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Otis Worldwide EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Otis Worldwide you should be aware of, and 2 of them are significant.

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