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Market Impact: 0.34

Otis Worldwide (OTIS) Lags Q1 Earnings Estimates

OTIS
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Otis Worldwide reported quarterly EPS of $0.89, missing the Zacks Consensus Estimate of $0.91 and declining from $0.92 a year ago. The 2-cent miss versus consensus is a modest negative for the quarter and points to slight pressure on company fundamentals. The headline is likely to affect the stock modestly, but it does not indicate a major deterioration.

Analysis

Otis Worldwide reported quarterly EPS of $0.89, missing the Zacks Consensus Estimate of $0.91 and declining from $0.92 a year ago. The 2-cent miss versus consensus is a modest negative for the quarter and points to slight pressure on company fundamentals. The headline is likely to affect the stock modestly, but it does not indicate a major deterioration.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

OTIS-0.65