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Farmington, Connecticut-based Otis Worldwide Corporation (OTIS) develops, manufactures, installs, and services vertical transportation systems, primarily elevators, escalators, and moving walkways. Valued at a market cap of $35.8 billion, the company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Wednesday, Oct. 29.
Before this event, analysts expect this elevator manufacturer to report a profit of $1 per share, up 4.2% from $0.96 per share in the year-ago quarter. The company has exceeded Wall Street’s bottom-line estimates in two of the last four quarters, while missing on other two occasions. Its earnings of $1.05 per share in the previous quarter topped the consensus estimates by 2.9%.