Carrier Global Faces Challenges Amid Market Trends
Carrier Global Corporation (CARR), based in Palm Beach Gardens, Florida, is known for its diverse offerings in heating, ventilation, air conditioning, refrigeration, and building technologies. With a market capitalization of $57.9 billion, the company also specializes in services like design, installation, and system integration.
A Year of Mixed Performance
Over the past year, CARR has struggled in comparison to the broader market. While its shares have increased by 20.1%, the S&P 500 Index ($SPX) has surged by approximately 22.8%. In 2025 alone, CARR stock has decreased by 4.5%, contrasting with the SPX’s year-to-date rise of 3.4%.
Comparison with Homebuilders ETF
Further scrutiny reveals CARR’s underperformance compared to the SPDR S&P Homebuilders ETF (XHB). This ETF has experienced a gain of about 12.9% in the last year, and its 2.9% year-to-date increase highlights a stark difference from CARR’s downward trend.
Quarterly Results and Future Projections
On October 24, CARR reported its third-quarter results, and shares fell more than 8% despite surpassing earnings per share (EPS) expectations. The adjusted EPS stood at $0.83, exceeding the predicted $0.81. However, revenue reached $6 billion, falling short of the anticipated $6.6 billion. Looking ahead, CARR projects a full-year adjusted EPS of $2.50 and revenue of $22.5 billion.
For the fiscal year ending in December, analysts forecast a 7.7% decline in CARR’s EPS to $2.52 on a diluted basis. Notably, the company’s history of exceeding earnings estimates has been strong, achieving surprises in the last four quarters.
Analyst Insights and Recommendations
A survey of 21 analysts covering CARR stock indicates a consensus rating of “Moderate Buy,” which is a shift from the previous month when more analysts had labeled it a “Strong Buy.” Currently, there are 10 “Strong Buy” recommendations, one “Moderate Buy,” and 10 “Hold” ratings.
Morgan Stanley (MS) analyst Christopher Snyder maintained a “Hold” rating on CARR, setting a price target of $78, indicating a potential upside of 19.6% from its current levels. The average price target is $84.29, suggesting a 29.3% increase, while the highest target of $95 reflects a bullish outlook with a potential upside of 45.7%.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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