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Palm Beach Gardens, Florida-based Carrier Global Corporation (CARR) provides intelligent climate and energy solutions in the United States and internationally. With a market cap of $64 billion, the company operates in two segments: Heating, Ventilating, and Air Conditioning (HVAC) and Refrigeration. CARR is poised to report its fiscal 2025 Q2 earnings on Thursday, July 24.
Ahead of this event, analysts expect the company to report a profit of $0.90 per share, up 3.5% from $0.87 per share in the year-ago quarter. The company has surpassed the Street’s bottom-line projections in each of the past four quarters, which is impressive.
For fiscal 2025, analysts expect CARR to report a profit of $3.03, up 18.4% from $2.56 in fiscal 2024. Furthermore, its EPS is expected to grow 13.2% year over year to $3.43 in fiscal 2026.
CARR stock has grown 18.6% over the past 52 weeks, underperforming the Industrial Select Sector SPDR Fund’s (XLI) 22.7% surge but outperforming the S&P 500 Index’s ($SPX) 11.7% uptick during the same time frame.
CARR shares surged 11.6% following the release of its Q1 2025 results on May 1. The company’s net sales declined 4% year-over-year to $5.2 billion, with a 2% year-over-year growth in organic sales. Moreover, its adjusted earnings of $0.65 per share surpassed the consensus estimates by 12.1%. Looking ahead, the company also raised its full-year profit guidance to a range of $3 to $3.10.
Wall Street analysts are somewhat bullish about CARR’s stock, with a "Moderate Buy" rating overall. Among 23 analysts covering the stock, 14 recommend "Strong Buy," one suggests a “Moderate Buy,” and eight suggest a “Hold.” CARR’s average analyst price target of $84.09 indicates a potential upside of 12.3% from the current levels.
