Carrier Global Earnings Preview: Key Metrics and Analyst Expectations
Key Financial Data:
* Revenue: $5.26 billion (estimated), up 21.9% year-over-year
* Adjusted Earnings per Share: $0.48 (estimated)
Analyst Consensus:
* Analysts generally have reaffirmed their estimates, indicating expectations of continued stability.
Peer Performance:
* Lennox: 16.5% year-over-year revenue growth, surpassing analysts' estimates by 8.9%.
* Trane Technologies: 10.2% year-over-year revenue growth, exceeding estimates by 1.9%.
Investor Sentiment:
* Positive sentiment within the HVAC and water systems segment, with share prices averaging a 2.6% increase over the past month.
* Carrier Global down 3.4% during the same period, with an average analyst price target of $80.09 (vs. current share price of $64.17).
Key Takeaways:
* Carrier Global is expected to report strong revenue growth, reversing last quarter's decline.
* Analysts remain confident in the company's outlook, reiterating their estimates.
* Performance of peer companies suggests a positive trend within the sector.
* Investor sentiment remains favorable, with expectations of continued stability.