Carrier Global Set to Announce Q1 2025 Earnings Amid Positive Projections

With a market cap of $52.5 billion, Carrier Global Corporation (CARR) specializes in providing intelligent climate and energy solutions. The company, headquartered in Palm Beach Gardens, Florida, operates through its Heating, Ventilating, and Air Conditioning (HVAC) and Refrigeration segments, delivering digitally enabled lifecycle solutions to its customers.

Q1 2025 Earnings Expectations

Carrier Global is scheduled to announce its Q1 2025 earnings on Thursday, April 24. Analysts project that the company will report adjusted earnings of $0.57 per share, representing an 8.1% decline from the $0.62 per share reported in the same quarter last year. Notably, Carrier has consistently exceeded Wall Street’s bottom-line estimates over the past four quarters.

Fiscal 2025 Projections

Looking ahead, analysts anticipate that Carrier Global will report an adjusted EPS of $2.99 for fiscal 2025, marking a significant increase of 16.8% from $2.56 in fiscal 2024. Additionally, earnings are predicted to grow by 13.7% year-over-year, reaching $3.40 in fiscal 2026.

Stock Performance

In the past 52 weeks, CARR shares have increased by 3.8%, surpassing the S&P 500 Index’s ($SPX) 2.1% gain and the slight decline of the Industrial Select Sector SPDR Fund (XLI) during this period.

Q4 2024 Results Overview

Carrier reported mixed Q4 2024 results on February 11, which led to a 1.6% decline in stock price. The HVAC segment experienced strong sales growth, with an organic increase of 11% and a year-over-year rise in product sales of 21.6%, totaling $4.5 billion. Overall, Carrier’s revenue surged by 19.3% to $5.1 billion, though this fell short of market expectations. Meanwhile, adjusted earnings reached $0.54 per share, nearly 50% higher year-over-year and exceeding analysts’ estimates by 5.9%.

Fiscal 2025 Sales Outlook

For fiscal 2025, Carrier anticipates sales to range between $22.5 billion and $23 billion, reflecting a modest increase compared to the $22.5 billion in revenues reported for fiscal 2024. The company expects adjusted EPS to fall between $2.95 and $3.05, a substantial rise from $2.56 reported in fiscal 2024.

Analyst Ratings and Price Target

Overall, analysts have a moderately optimistic view on Carrier Global, allocating a “Moderate Buy” rating. Among the 22 analysts monitoring the stock, 13 recommend a “Strong Buy,” one a “Moderate Buy,” and eight propose a “Hold” rating. The mean price target of $78.74 suggests a 33.3% premium compared to current price levels.

On the date of publication, Aditya Sarawgi 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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