Otis Worldwide's (OTIS) Strategic Initiatives Aid Amid Cost Woes [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
Also, strategic investments in research and development and digital initiatives, fostering its innovation capabilities, bode well. The company introduced new product innovations in the first quarter of 2024 and will continue to collaborate with dealers, agents and distributors to expand sales channels and increase market share. This Zacks Rank #3 (Hold) company's earnings estimates for 2024 indicate a growth rate of 9.6% from the year-ago period on a 3.5% revenue improvement. Its earnings topped the Zacks Consensus Estimate in all the trailing four quarters, with the average surprise being 4.9%. However, the aforementioned tailwinds are partially offset by headwinds in the form of high costs and expenses, along with the high concentration of the company's business in the international market. Shares of this leading elevator and escalator manufacturing, installation and service company have gained 10.7% in the past year compared with the Zacks Building Products - Miscellaneous in
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OTIS
News
- Otis Worldwide Co. (NYSE: OTIS) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $110.00 price target on the stock.MarketBeat
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- OTIS' Taiwan Subsidiary Acquires Jardine Schindler Lifts in Taiwan Tue, Sep 10, 2024, 3:06 PM GMT+2 3 min read 0 Other Growth Initiatives of OTIS OTIS' Zacks Rank & Key Picks [Yahoo! Finance]Yahoo! Finance
- Students to Develop Urban Mobility Solutions Using AIPR Newswire
OTIS
Earnings
- 7/24/24 - Beat
OTIS
Sec Filings
- 9/20/24 - Form 8-K
- 9/16/24 - Form 144
- 9/4/24 - Form 144
- OTIS's page on the SEC website