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Embraer-Empresa Brasileira de Aeronautica (ERJ) - free report >>
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Embraer-Empresa Brasileira de Aeronautica (ERJ) - free report >>
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Embraer (ERJ) Reports Q1 Earnings: What Key Metrics Have to Say
Embraer (ERJ - Free Report) reported $896.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 25.1%. EPS of -$0.07 for the same period compares to -$0.48 a year ago.
The reported revenue represents a surprise of +1.44% over the Zacks Consensus Estimate of $883.92 million. With the consensus EPS estimate being -$0.12, the EPS surprise was +41.67%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Embraer performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Commercial Aviation: $201 million versus $226.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
- Revenue- Executive Aviation: $240 million compared to the $124.54 million average estimate based on three analysts. The reported number represents a change of +175.6% year over year.
- Revenue- Other: $9 million versus $9.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.4% change.
- Revenue- Services & Support: $366 million versus the three-analyst average estimate of $362.02 million. The reported number represents a year-over-year change of +12.2%.
- Revenue- Defense & Security: $81 million compared to the $130.29 million average estimate based on three analysts. The reported number represents a change of -17.1% year over year.
View all Key Company Metrics for Embraer here>>>Shares of Embraer have returned +4.8% over the past month versus the Zacks S&P 500 composite's -0.4% 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.