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Otis Worldwide Corporation (OTIS), with a market capitalization of $36.5 billion, stands as a prominent force in the global elevator and escalator industry. The Farmington, Connecticut-based company maintains a vast service portfolio spanning over 2 million units worldwide and delivers advanced mobility solutions like the Gen2 system and Gen360 elevator, designed to boost efficiency and performance in modern buildings.
Otis is scheduled to release its Q1 earnings results on Wednesday, April 23. Ahead of this event, analysts expect the industrial titan to report a profit of $0.91 per share, up 3.4% from $0.88 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on two other occasions. In the recent quarter, OTIS missed the consensus EPS estimate by 2.1%, primarily due to a combination of higher-than-anticipated operational costs and foreign exchange headwinds.
