Unpacking Q2 Earnings: Otis (NYSE:OTIS) In The Context Of Other General Industrial Machinery Stocks [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 14 general industrial machinery stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.8% while next quarter's revenue guidance was 4% below. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 po
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OTIS
News
- Smart Elevator Market to Reach US$ 32.58 Billion by 2032 Driven by Rising Demand for Energy-efficient and Eco-Friendly Building Solutions | Research by S&S Insider [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Otis Appoints Nicolas Lopez as Managing Director of Southeast AsiaPR Newswire
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $108.00 to $105.00. They now have an "equal weight" rating on the stock.MarketBeat
- Otis Declares Quarterly Dividend of $0.39 per SharePR Newswire
OTIS
Earnings
- 10/30/24 - Miss
OTIS
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- OTIS's page on the SEC website