Otis Worldwide (OTIS) Projected to Announce Quarterly Earnings on Wednesday

Otis Worldwide (NYSE:OTIS) is expected to be announcing its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect the company to post earnings of $1.00 per share and revenue of $3.7529 billion for the quarter. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 22, 2026 at 8:30 AM ET.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect Otis Worldwide to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Otis Worldwide Trading Up 0.1%

Shares of NYSE OTIS opened at $73.55 on Tuesday. The stock has a market cap of $28.22 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.64 and a beta of 0.90. Otis Worldwide has a twelve month low of $69.16 and a twelve month high of $101.14. The stock has a 50 day moving average of $72.08 and a two-hundred day moving average of $80.38.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

A number of equities analysts have recently commented on OTIS shares. UBS Group set a $105.00 target price on shares of Otis Worldwide in a report on Thursday, April 23rd. Sanford C. Bernstein began coverage on shares of Otis Worldwide in a research note on Tuesday, June 9th. They set an “outperform” rating and a $97.00 price target for the company. Weiss Ratings downgraded shares of Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wells Fargo & Company dropped their price objective on shares of Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Morgan Stanley set a $88.00 target price on shares of Otis Worldwide in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.55.

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.