Elevator Maker Otis Reports Mixed Q4 Results, China Weakness Weighs On Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
0mins
Should l Buy OTIS?
Source: Benzinga
Mixed Financial Results: Otis Worldwide Corporation reported a 1.5% year-over-year sales growth to $3.675 billion, but its adjusted EPS of 93 cents fell short of analysts' expectations, leading to a premarket share decline of nearly 3%.
2025 Outlook and Strategic Initiatives: The company anticipates net sales between $14.1 billion and $14.4 billion for FY25, below consensus estimates, while implementing a transformation program in China aimed at achieving significant cost savings by the end of 2025.
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Analyst Views on OTIS
Wall Street analysts forecast OTIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OTIS is 100.67 USD with a low forecast of 92.00 USD and a high forecast of 111.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 91.240
Low
92.00
Averages
100.67
High
111.00
Current: 91.240
Low
92.00
Averages
100.67
High
111.00
About OTIS
Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company’s segments include New Equipment and Service. The New Equipment segment designs, manufactures, sells and installs a range of passenger and freight elevators, and escalators and moving walkways for residential, commercial and infrastructure projects. Its elevator and escalator solutions include Gen2, Gen3, Gen360 and SkyRise. Through its Service segment, it performs maintenance and repair services, and modernization services to upgrade elevators and escalators. Through its network of service sales personnel, it sells its services directly to customers in all significant elevator and escalator verticals around the world. It serves customers in over 200 countries and territories around the world. The SkyRise advanced elevator platform combines cutting-edge technologies and precision engineering to deliver solutions for residential, commercial and mixed-use skyscrapers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Record Date for Shareholders: The dividend will be paid to shareholders of record as of February 13, 2026, ensuring that investors holding shares by this date can benefit from the payout, thereby enhancing investor confidence.
- Global Business Scale: Otis moves 2.5 billion people daily and maintains approximately 2.5 million customer units, underscoring its leadership position in the elevator and escalator industry and further solidifying its market share.
- Employee Strength: The company employs 72,000 people globally, including 45,000 field professionals, demonstrating its robust service capabilities and responsiveness to customer needs, supporting operations in over 200 countries and territories.
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