Otis Worldwide Q3 EPS Forecast Lowered by Zacks Research

Key Points

• Zacks Research lowered Otis Worldwide’s Q3 2026 EPS estimate to $1.01 from $1.14, while projecting $1.13 for Q4 and roughly $4.03 for the full year.
• Otis recently reported quarterly EPS of $1.01, in line with consensus, while revenue of $3.86 billion exceeded estimates and increased 7.3% year over year. Its FY2026 guidance remains $4.01–$4.05 per share.
• The stock was down 1.2% at $73.06, with analysts maintaining a consensus “Hold” rating and an average target price of $92.91; Otis also declared a quarterly dividend of $0.44 per share, yielding about 2.4%.

Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Otis Worldwide in a report issued on Wednesday, August 12th. Zacks Research analyst Team now expects that the company will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.14. The consensus estimate for Otis Worldwide's current full-year earnings is $4.03 per share. Zacks Research also issued estimates for Otis Worldwide's Q4 2026 earnings at $1.13 EPS.

Otis Worldwide (NYSE:OTIS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS.

OTIS has been the topic of several other reports. Morgan Stanley set a $75.00 target price on Otis Worldwide in a report on Monday. Royal Bank Of Canada set a $90.00 price target on Otis Worldwide in a research report on Tuesday, July 28th. Barclays cut their price objective on Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating for the company in a research report on Thursday, April 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Otis Worldwide in a research report on Wednesday. Finally, UBS Group set a $105.00 price target on shares of Otis Worldwide in a research report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Otis Worldwide presently has a consensus rating of "Hold" and an average target price of $92.91.

Otis Worldwide Trading Down 1.2%

Otis Worldwide stock opened at $73.06 on Friday. Otis Worldwide has a 1-year low of $69.16 and a 1-year high of $94.57. The firm's fifty day simple moving average is $72.49 and its 200-day simple moving average is $78.26. The company has a market capitalization of $27.81 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.60 and a beta of 0.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in Otis Worldwide by 3.4% in the first quarter. Jones Financial Companies Lllp now owns 9,199 shares of the company's stock worth $949,000 after purchasing an additional 304 shares during the period. Empowered Funds LLC grew its holdings in Otis Worldwide by 10.5% during the 1st quarter. Empowered Funds LLC now owns 8,988 shares of the company's stock worth $928,000 after acquiring an additional 857 shares during the period. Acadian Asset Management LLC raised its position in shares of Otis Worldwide by 63.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,045 shares of the company's stock valued at $417,000 after acquiring an additional 1,574 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Otis Worldwide by 7.1% in the 2nd quarter. Baird Financial Group Inc. now owns 32,245 shares of the company's stock valued at $3,193,000 after purchasing an additional 2,132 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Otis Worldwide by 13.3% in the 2nd quarter. NewEdge Advisors LLC now owns 10,222 shares of the company's stock worth $1,012,000 after purchasing an additional 1,196 shares during the last quarter. Institutional investors own 88.03% of the company's stock.

Otis Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide's dividend payout ratio is 45.24%.

Key Otis Worldwide News

Here are the key news stories impacting Otis Worldwide this week:

• Negative Sentiment: Zacks cut its FY2026 EPS forecast to $4.04 from $4.22, FY2027 EPS to $4.41 from $4.67, and FY2028 EPS to $4.89 from $5.23. The reductions suggest weaker-than-previously-expected earnings momentum and are likely weighing on the stock. Otis Worldwide analyst estimates
• Negative Sentiment: Quarterly estimates were also lowered, including Q1 2027 EPS to $1.02 from $1.05, Q2 2027 to $1.12 from $1.16, Q3 2027 to $1.12 from $1.21, and Q4 2027 to $1.15 from $1.24. Zacks also reduced Q1 2028 EPS to $1.12 from $1.19 and Q2 2028 EPS to $1.26 from $1.31.
• Neutral Sentiment: The revised FY2026 forecast of $4.04 remains broadly consistent with the current analyst consensus of roughly $4.02-$4.03 per share, while Otis’s existing FY2026 guidance calls for $4.01-$4.05 in EPS. The cuts therefore primarily affect longer-term expectations rather than the company’s stated near-term outlook.

Otis Worldwide Company Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis's business derives from long-term service contracts and responsive maintenance work.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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