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Higher interest rates were supposed to crush the housing market. However, despite mortgage rates remaining elevated, there isn't much sign of a serious slowdown in the housing sector.
When we talk about stocks that have been overlooked, it usually means that they haven't been receiving a lot of buzz. It could also mean these stocks have underperformed their peers or the benchmark S&P 500, and likely have some catching up to do.
Otis Worldwide (OTIS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Otis Worldwide (OTIS) could produce exceptional returns because of its solid growth attributes.
Otis Worldwide (OTIS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
While the top- and bottom-line numbers for Otis Worldwide (OTIS) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Otis Worldwide (OTIS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.75 per share a year ago.
Otis Worldwide's (OTIS) fourth-quarter results are expected to reflect the fluctuations in foreign currency exchange rates.
Get a deeper insight into the potential performance of Otis Worldwide (OTIS) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.