Carrier Global Corporation (NYSE:CARR) Quarterly Earnings Preview

• Carrier Global Corporation is expected to report an EPS of $0.51 and revenue of approximately $5.2 billion for the upcoming quarter.
• The company's performance is anticipated to be bolstered by its HVAC segment and aftermarket services, despite challenges in Europe and China.
• Carrier has outperformed the Zacks Consensus Estimate in the last four quarters, with an average earnings surprise of 8.19%.

Carrier Global Corporation (NYSE:CARR) is a leading provider of heating, ventilating, and air conditioning (HVAC) systems, as well as refrigeration and fire and security solutions. The company is set to release its quarterly earnings on February 11, 2025. Analysts expect an earnings per share (EPS) of $0.51 and revenue of approximately $5.2 billion.

Carrier's performance is expected to be driven by strong growth in its HVAC segment and robust aftermarket services. However, challenges in Europe and China may have posed difficulties. The Zacks Consensus Estimate for the fourth quarter is $0.51 per share, reflecting a slight increase over the past month but a year-over-year decline of 3.77%. Revenue is estimated at $5.43 billion, a 6.42% increase from the previous year.

Carrier has consistently exceeded the Zacks Consensus Estimate in the last four quarters, with an average earnings surprise of 8.19%. Investors are keen to see if this trend continues. The company's earnings are expected to decline by 3.8% compared to the previous year, but revenues are projected to increase by 6.4%, reaching $5.43 billion. Recent downward revisions in EPS estimates by 3.9% highlight analysts' reassessment of initial projections.

The company's financial metrics provide insights into its valuation. Carrier's price-to-earnings (P/E) ratio is approximately 16.56, and its price-to-sales ratio is about 2.39. The enterprise value to sales ratio is around 2.84, and the enterprise value to operating cash flow ratio is approximately 45.49. The earnings yield is about 6.04%, and the debt-to-equity ratio is approximately 0.88, indicating a moderate level of debt relative to equity. Carrier's current ratio of about 1.08 suggests its ability to cover short-term liabilities with short-term assets.