Earnings Outlook For Carrier Global

Carrier Global (NYSE:CARR) is gearing up to announce its quarterly earnings on Thursday, 2024-10-24. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Carrier Global will report an earnings per share (EPS) of $0.82.

The announcement from Carrier Global is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.03, leading to a 2.99% increase in the share price the following trading session.

Here's a look at Carrier Global's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.84

0.51

0.52

0.79

EPS Actual

0.87

0.62

0.53

0.89

Price Change %

3.0%

1.0%

-1.0%

0.0%

Market Performance of Carrier Global's Stock

Shares of Carrier Global were trading at $80.15 as of October 22. Over the last 52-week period, shares are up 73.41%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Carrier Global

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Carrier Global.

The consensus rating for Carrier Global is Neutral, derived from 16 analyst ratings. An average one-year price target of ...