Carrier Global Corporation (CARR), headquartered in Palm Beach Gardens, Florida, provides heating, ventilating, air conditioning, refrigeration, fire, security, and building automation technologies. Valued at $45.3 billion by market cap, the company also provides building services such as audit, design, installation, system integration, repair, maintenance, and monitoring. The global leader in intelligent climate and energy solutions is expected to announce its fiscal third-quarter earnings for 2026 in the near term.
Ahead of the event, analysts expect Carrier Global to report a profit of $0.81 per share on a diluted basis, up 20.9% from $0.67 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
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For the full year, analysts expect Carrier Global to report EPS of $2.87, up 10.8% from $2.59 in fiscal 2025. Its EPS is expected to rise 13.6% year over year to $3.26 in fiscal 2027.
www.barchart.comCARR stock has underperformed the S&P 500 Index’s ($SPX) 16.2% gains over the past 52 weeks, with shares down 7.1% during this period. Similarly, it underperformed the State Street Industrial Select Sector SPDR ETF’s (XLI) 8.8% gains over the same time frame.
www.barchart.comOver the past year, CARR struggled with persistent weakness in the residential and light commercial HVAC markets, where elevated distributor inventory, high interest rates, and cautious consumer spending dampened demand. These macro headwinds led to earnings misses and lowered forward guidance, offsetting strong growth in its data center cooling and aftermarket service businesses while compressing operating margins.
On Jul. 28, CARR shares fell 8.9% after reporting its Q2 results. Its adjusted EPS of $0.86 beat Wall Street expectations of $0.83. The company’s revenue was $6.4 billion, exceeding Wall Street forecasts of $6 billion. CARR expects full-year adjusted EPS to be $2.90, and revenue is expected to be $23 billion.
Analysts’ consensus opinion on CARR stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 25 analysts covering the stock, 14 advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and 10 give a “Hold.” CARR’s average analyst price target is $74.56, indicating a notable potential upside of 35.6% from the current levels.
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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