Otis Worldwide (NYSE:OTIS) Updates FY 2026 Earnings Guidance

Otis Worldwide (NYSE:OTIS) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.010-4.050 for the period, compared to the consensus EPS estimate of 4.200. The company issued revenue guidance of $15.1 billion-$15.3 billion, compared to the consensus revenue estimate of $15.1 billion.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OTIS. Evercore started coverage on shares of Otis Worldwide in a report on Monday, April 13th. They issued an “outperform” rating and a $100.00 target price on the stock. 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. Wells Fargo & Company reduced 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. Morgan Stanley set a $88.00 target price on shares of Otis Worldwide in a research note on Friday, April 24th. Finally, Sanford C. Bernstein began coverage on Otis Worldwide in a report on Tuesday, June 9th. They issued an “outperform” rating and a $97.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $96.55.

Otis Worldwide Price Performance

Otis Worldwide stock opened at $70.49 on Thursday. The stock’s 50-day moving average is $71.98 and its 200-day moving average is $80.15. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90. Otis Worldwide has a 12 month low of $69.16 and a 12 month high of $94.57.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. Research analysts anticipate that Otis Worldwide will post 4.16 EPS for the current year.

More Otis Worldwide News

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

• Positive Sentiment: Q2 earnings of $1.01 per share matched estimates, while revenue of $3.86 billion came in above expectations, helped by 9% organic Service sales growth and 11% Service net sales growth. OTIS REPORTS SECOND QUARTER 2026 RESULTS
• Positive Sentiment: Modernization orders rose 9% and backlog increased 24% (26% at constant currency), signaling continued demand for service and upgrade work. OTIS REPORTS SECOND QUARTER 2026 RESULTS
• Positive Sentiment: The company continued generating strong cash flow and returned capital through about $400 million of share repurchases in the quarter, which can support the stock. OTIS REPORTS SECOND QUARTER 2026 RESULTS
• Neutral Sentiment: Management raised its 2026 sales outlook to $15.1 billion-$15.3 billion, suggesting top-line stability despite a tougher operating backdrop. Otis forecasts 2026 adjusted EPS $4.01-$4.05 while targeting $15.1B-$15.3B sales amid service cost headwinds
• Negative Sentiment: Otis cut its 2026 adjusted EPS guidance to $4.01-$4.05, below Wall Street expectations, citing rising service costs, global weakness, and a Middle East hit that may pressure margins. Otis cuts full-year profit outlook on global weakness
• Negative Sentiment: Adjusted operating profit declined in the quarter, underscoring that strong service revenue has not yet fully offset higher costs and weakness in new equipment. OTIS REPORTS SECOND QUARTER 2026 RESULTS

Hedge Funds Weigh In On Otis Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of OTIS. AQR Capital Management LLC lifted its stake in shares of Otis Worldwide by 125.7% in the third quarter. AQR Capital Management LLC now owns 2,596,355 shares of the company’s stock worth $236,891,000 after acquiring an additional 1,445,904 shares in the last quarter. Scharf Investments LLC purchased a new stake in Otis Worldwide during the 3rd quarter worth approximately $73,200,000. Bank of Montreal Can increased its holdings in Otis Worldwide by 252.0% during the 4th quarter. Bank of Montreal Can now owns 1,073,936 shares of the company’s stock worth $93,808,000 after purchasing an additional 768,859 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Otis Worldwide by 141.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,296,600 shares of the company’s stock valued at $113,258,000 after purchasing an additional 759,700 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Otis Worldwide in the 3rd quarter valued at approximately $59,127,000. 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.