Carrier Global Corp reports results for the quarter ended June 30 - Earnings Summary

• Carrier Global Corp CARR.N reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 89 cents to 94 cents per share.

• Revenue fell 8.6% to $6.11 billion from a year ago; analysts expected $6.09 billion.

• Carrier Global Corp's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $608 million.

• Carrier Global Corp shares had risen by 9.6% this quarter and gained 17.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 11 "hold" and no "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 $85.00, about 5.7% above its last closing price of $80.18

This summary was machine generated from LSEG data July 29 at 01:31 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)