Analyst Consensus ?
ConsensusHold15 ratings
Bullish746.7%
Neutral746.7%
Bearish16.6%
Otis Worldwide Corporation · OTIS · FY2024 Q4 · Calendar Q1 2025
Otis: Service and modernization offset China equipment weakness
The supplied analysis supports a cautiously constructive operating thesis: service growth, modernization backlog, and productivity initiatives provide offsets to weak China New Equipment demand. The key test is whether management can convert these drivers into sustained margins and cash flow while executing the China transition.
Reported Before market openNYSEIndustrials
$25.11B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.95
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $3.68B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.3%
Event window
SPY move
-0.4%
Same window
Abnormal move
-0.8%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+3.6%
Up to 20 sessions
OTISSPY benchmark
Ask FN2 about OTIS FY2024 Q4
Transcript, numbers and history already loaded
What drove OTIS's -1.3% move after FY2024 Q4 earnings?What changed in OTIS's guidance and outlook in FY2024 Q4?Give me the bull and bear case for OTIS after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis places greater emphasis on the service-led model and China transformation. Service growth and modernization order momentum were strong, while management raised its guidance sentiment and outlined UpLift savings, restructuring, digital-platform launches, and targeted acquisitions.
Guidance delta
Management's guidance sentiment was raised. The supplied analysis cites 2025 targets of $14.1–$14.4 billion in sales, $4–$4.10 EPS, and $1.6 billion of free cash flow, versus the prior quarter's 2024 adjusted EPS target of $3.85.
Key takeaways
- Service delivered 7.8% organic sales growth and drove margin expansion.
- Modernization orders rose 18% year over year, with backlog up 13%.
- China New Equipment demand remained weak, while management emphasized a shift toward Service and Modernization.
Management priorities
- Continue transforming China toward Service and Modernization.
- Execute UpLift savings and cost restructuring while expanding the service portfolio.
- Launch Gen3 across Asia Pacific, roll out Compass 360, and pursue $100 million of bolt-on acquisitions.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$65.95Previous close
$75Low
$92.94Average
$119High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 23, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Jul 23, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 23, 2026 |
| Barclays | Underweight | Underweight | Maintain | Apr 23, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Apr 8, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 1, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jan 16, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 8, 2025 |
| Argus Research | Buy | Buy | Maintain | May 13, 2024 |
| UBS | Neutral | Neutral | Maintain | Feb 16, 2024 |
| Vertical Research | Hold | Buy | Downgrade | Jan 2, 2024 |
| HSBC | Hold | Hold | Maintain | Apr 19, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 2, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 27, 2022 |
| Berenberg | Buy | Buy | Maintain | Jun 22, 2022 |
Named analyst price targets
Upside is calculated against the persisted previous close $65.95. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $77 | $66.68 | +16.8% | Sep 24, 2026 |
| Morgan Stanley | Analyst unavailable | $75 | $72.58 | +13.7% | Aug 10, 2026 |
| RBC Capital | Analyst unavailable | $90 | $73.19 | +36.5% | Jul 28, 2026 |
| Evercore ISI | Alexander Virgo | $95 | $69.92 | +44.0% | Jul 23, 2026 |
| Bernstein | Analyst unavailable | $90 | $70.41 | +36.5% | Jul 23, 2026 |
| Bernstein | Analyst unavailable | $97 | $71.27 | +47.1% | Jun 9, 2026 |
| Morgan Stanley | Analyst unavailable | $88 | $79.52 | +33.4% | Apr 24, 2026 |
| UBS | Analyst unavailable | $105 | $80.87 | +59.2% | Apr 23, 2026 |
| Barclays | Julian Mitchell | $77 | $77.88 | +16.8% | Apr 23, 2026 |
| New Street | Analyst unavailable | $98 | $84.58 | +48.6% | Jan 30, 2026 |
| Wells Fargo | Joseph O'Dea | $92 | $88.14 | +39.5% | Dec 15, 2025 |
| Barclays | Analyst unavailable | $92 | $93.38 | +39.5% | Oct 30, 2025 |
| Wolfe Research | Analyst unavailable | $109 | $90.4 | +65.3% | Oct 8, 2025 |
| Barclays | Julian Mitchell | $91 | $92.12 | +38.0% | Jan 8, 2025 |
| Wells Fargo | Joseph O'Dea | $100 | $92.12 | +51.6% | Jan 7, 2025 |
| Morgan Stanley | Chris Snyder | $97 | $92.43 | +47.1% | Sep 6, 2024 |
| Wells Fargo | Joseph O'Dea | $95 | $91.43 | +44.0% | Jul 25, 2024 |
| Argus Research | John Eade | $108 | $96.21 | +63.8% | May 13, 2024 |
| Melius Research | Rob Wertheimer | $119 | $98.57 | +80.4% | Apr 2, 2024 |
| Barclays | Julian Mitchell | $90 | $98.57 | +36.5% | Apr 2, 2024 |
| Argus Research | John Eade | $102 | $92.41 | +54.7% | Feb 22, 2024 |
| Cowen & Co. | Analyst unavailable | $95 | $84.86 | +44.0% | Feb 2, 2023 |
| Barclays | Analyst unavailable | $81 | $84.56 | +22.8% | Feb 2, 2023 |
| Morgan Stanley | Analyst unavailable | $89 | $84.56 | +35.0% | Feb 2, 2023 |
| Wells Fargo | Analyst unavailable | $82 | $84.56 | +24.3% | Feb 2, 2023 |
| Wells Fargo | Analyst unavailable | $71 | $80.25 | +7.7% | Jan 5, 2023 |
| BNP Paribas | Miguel Borrega | $80 | $71.9 | +21.3% | Jul 4, 2022 |
| RBC Capital | Analyst unavailable | $98 | $73.32 | +48.6% | May 4, 2022 |
| Cowen & Co. | Analyst unavailable | $85 | $72.3 | +28.9% | Apr 26, 2022 |
| Barclays | Analyst unavailable | $80 | $73.75 | +21.3% | Apr 26, 2022 |
| Credit Suisse | Analyst unavailable | $81 | $74.6 | +22.8% | Apr 26, 2022 |
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Start freeCompany context
Snapshot as of publicationOtis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.
Historical context
All OTIS earningsIndustrials peers this season
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| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-15T00:03:22.707476+00:00
- Polygon adjusted daily market bars · 2026-10-12T05:20:42.374828+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T05:20:42.372089+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.