Zacks Research Forecasts Reduced Earnings for Otis Worldwide

Key Points

• Zacks Research lowered Otis Worldwide’s FY2026 EPS forecast to $4.04 from $4.22, broadly in line with the $4.02 analyst consensus. The company’s own FY2026 guidance is $4.01–$4.05 per share.
• Analyst sentiment remains mixed, with four Buy, five Hold and one Sell rating; the consensus rating is Hold with a target price of $92.91. Otis shares opened at $73.84, near the lower end of their 12-month range.
• Otis reported quarterly EPS of $1.01, matching estimates, while revenue rose 7.3% year over year to $3.86 billion. The company also declared a quarterly dividend of $0.44 per share, representing a 2.4% annualized yield.

Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Equities research analysts at Zacks Research lowered their FY2026 EPS estimates for Otis Worldwide in a research report issued to clients and investors on Wednesday, August 12th. Zacks Research analyst Team now expects that the company will earn $4.04 per share for the year, down from their previous estimate of $4.22. The consensus estimate for Otis Worldwide's current full-year earnings is $4.02 per share. Zacks Research also issued estimates for Otis Worldwide's Q1 2027 earnings at $1.02 EPS, Q2 2027 earnings at $1.12 EPS, Q3 2027 earnings at $1.12 EPS, Q4 2027 earnings at $1.15 EPS, FY2027 earnings at $4.41 EPS, Q1 2028 earnings at $1.12 EPS, Q2 2028 earnings at $1.26 EPS and FY2028 earnings at $4.89 EPS.

OTIS has been the topic of a number of other research reports. UBS Group set a $105.00 target price on Otis Worldwide in a report on Thursday, April 23rd. Sanford C. Bernstein decreased their price target on Otis Worldwide from $97.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Weiss Ratings lowered shares of Otis Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, May 15th. Royal Bank Of Canada set a $90.00 price objective on shares of Otis Worldwide in a research note on Tuesday, July 28th. Finally, Barclays cut their price objective on shares of Otis Worldwide from $80.00 to $77.00 and set an "underweight" rating for the company in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $92.91.

Otis Worldwide Trading Up 1.1%

Otis Worldwide stock opened at $73.84 on Thursday. The stock has a 50 day moving average of $72.43 and a two-hundred day moving average of $78.38. Otis Worldwide has a twelve month low of $69.16 and a twelve month high of $94.57. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.58 and a beta of 0.89.

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

Otis Worldwide Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OTIS. Camelot Portfolios LLC acquired a new position in shares of Otis Worldwide during the 4th quarter worth $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Otis Worldwide in the fourth quarter valued at about $27,000. MidFirst Bank purchased a new stake in Otis Worldwide during the second quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Otis Worldwide during the second quarter worth about $28,000. Finally, Elevation Wealth Partners LLC grew its position in Otis Worldwide by 1,910.0% during the second quarter. Elevation Wealth Partners LLC now owns 402 shares of the company's stock worth $29,000 after buying an additional 382 shares during the period. Hedge funds and other institutional investors own 88.03% of the company's stock.

About Otis Worldwide

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.

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