For the quarter ended June 2023, Embraer (ERJ - Free Report) reported revenue of $1.29 billion, up 26.8% over the same period last year. EPS came in at $0.32, compared to $0.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of +11.21%. The company delivered an EPS surprise of +166.67%, with the consensus EPS estimate being $0.12.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Embraer performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- TOTAL DELIVERIES E-JETS: 1752 versus 1730.18 estimated by two analysts on average.
- TOTAL FIRM ORDERS E-JETS: 2023 compared to the 2017.24 average estimate based on two analysts.
- Revenue - Commercial Aviation: $471.90 million versus $380.86 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +57.4% change.
- Revenue - Executive Aviation: $378 million versus $288.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +41.7% change.
- Revenue - Other: $20.30 million versus $9.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +262.5% change.
- Revenue - Services & Support: $339.70 million versus the two-analyst average estimate of $369.36 million. The reported number represents a year-over-year change of +6.1%.
- Revenue - Defense & Security: $82.40 million compared to the $136.95 million average estimate based on two analysts. The reported number represents a change of -34.9% year over year.
View all Key Company Metrics for Embraer here>>>Shares of Embraer have returned +0.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended June 2023, Embraer (ERJ - Free Report) reported revenue of $1.29 billion, up 26.8% over the same period last year. EPS came in at $0.32, compared to $0.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of +11.21%. The company delivered an EPS surprise of +166.67%, with the consensus EPS estimate being $0.12.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Embraer performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- TOTAL DELIVERIES E-JETS: 1752 versus 1730.18 estimated by two analysts on average.
- TOTAL FIRM ORDERS E-JETS: 2023 compared to the 2017.24 average estimate based on two analysts.
- Revenue - Commercial Aviation: $471.90 million versus $380.86 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +57.4% change.
- Revenue - Executive Aviation: $378 million versus $288.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +41.7% change.
- Revenue - Other: $20.30 million versus $9.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +262.5% change.
- Revenue - Services & Support: $339.70 million versus the two-analyst average estimate of $369.36 million. The reported number represents a year-over-year change of +6.1%.
- Revenue - Defense & Security: $82.40 million compared to the $136.95 million average estimate based on two analysts. The reported number represents a change of -34.9% year over year.
View all Key Company Metrics for Embraer here>>>Shares of Embraer have returned +0.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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