Carrier Global Corp reports results for the quarter ended in March - Earnings Summary

• Carrier Global Corp CARR reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 49 cents to 60 cents per share.

• Revenue rose 17.2% to $6.18 billion from a year ago; analysts expected $6.28 billion.

• Carrier Global Corp's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $269 million.

• Carrier Global Corp shares had fallen by 5.8% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Carrier Global Corp is $63.00

This summary was machine generated from LSEG data April 25 at 05:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)