Otis Worldwide Corporation (NYSE:OTIS) shareholders are probably feeling a little disappointed, since its shares fell 9.7% to US$89.79 in the week after its latest quarterly results. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at US$3.6b, statutory earnings beat expectations by a notable 12%, coming in at US$0.99 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Following the latest results, Otis Worldwide's twelve analysts are now forecasting revenues of US$14.6b in 2025. This would be a credible 2.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to dip 8.2% to US$3.54 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$14.7b and earnings per share (EPS) of US$3.60 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Otis Worldwide

The analysts reconfirmed their price target of US$102, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Otis Worldwide at US$134 per share, while the most bearish prices it at US$90.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Otis Worldwide's growth to accelerate, with the forecast 5.6% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.8% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Otis Worldwide is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$102, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Otis Worldwide going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - Otis Worldwide has 2 warning signs we think you should be aware of.

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