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Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?
Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Otis Worldwide (OTIS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.80 per share a year ago.
Otis Worldwide's (OTIS) first-quarter 2024 performance is likely to have benefited from strong volume and favorable pricing. Yet, currency fluctuations are a concern.
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Get a deeper insight into the potential performance of Otis Worldwide (OTIS) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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Otis Worldwide (OTIS) is benefiting from strategic investment initiatives as well as growing orders and backlog trends. However, high costs and expenses are hurting prospects.
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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.