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Barchart
Rashmi Kumari

What to Expect From Otis Worldwide's Q3 2024 Earnings Report

Otis

Otis Worldwide Corporation (OTIS), headquartered in Farmington, Connecticut, is a global leader in the manufacturing, installing, and servicing of elevators, escalators, and moving walkways. With a market cap of $42.28 billion, Otis serves a wide range of clients across various industries, providing innovative mobility solutions that improve the flow of people in urban environments. The company is set to announce its Q3 earnings on Wednesday, Oct. 23. 

Ahead of the event, analysts expect OTIS to report a profit of $0.97 per share, up 2.1% from $0.95 in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in its last four quarterly reports. Its adjusted earnings of $1.06 per share for the last quarter surpassed the consensus estimate by 2.9%. 

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