Johnson Controls International plc (NYSE:JCI) reported its Q3 results, with EPS coming in at $0.88, beating the consensus estimates, but quarterly revenue of $6,395 million (up 7% year over year) was below the Street estimate of $6,419 million.

Analysts at Oppenheimer believe organic growth outperformance vs. peers can sustain on a multi-year basis, leveraging accelerating product launches and OpenBlue’s differentiated value proposition.

The analysts anticipate relative multiple expansion over coming quarters as the company’s improved positioning and growth prospects materialize in continued above-market growth.