Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral314.3%
Bearish314.3%
Embraer S.A. · EMBJ · FY2024 Q1 · Calendar Q2 2024
Embraer backlog reaches $21.1 billion as supply risks persist
The supplied analysis supports a constructive operating trajectory: backlog growth, strong Executive Aviation deliveries, resilient Service & Support profitability and improved net debt provide evidence of demand and execution. The case remains conditional because supply constraints, competitive pricing, defense-order timing and Boeing arbitration remain unresolved.
Reported Before market openNYSEIndustrials
$13.00B market cap
85quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.02
Consensus $0.47
EPS surprise
-104.3%
Reported versus consensus
Reported revenue
$1.82B
Consensus $1.78B
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
unavailable
Stock move
—
Event window
SPY move
—
Same window
Abnormal move
—
Stock minus SPY
Volume
—
Versus trailing sessions
Subsequent drift
—
Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about EMBJ FY2024 Q1
Transcript, numbers and history already loaded
How did the market react to EMBJ FY2024 Q1 earnings, and why?What changed in EMBJ's guidance and outlook in FY2024 Q1?Give me the bull and bear case for EMBJ after FY2024 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, backlog increased to $21.1 billion and Executive Aviation delivery momentum strengthened materially. Management also highlighted improved cash consumption and lower net debt, while supply-chain constraints remained an active issue.
Guidance delta
Maintained; the supplied analysis does not identify a change to guidance.
Key takeaways
- Backlog rose to $21.1 billion, the highest in seven years, supporting full-year guidance.
- Executive Aviation deliveries increased 125% year over year, while Service & Support contributed 41% of Q1 revenue.
- Cash consumption improved, net debt fell to $1 billion, and liquidity exceeded $2.4 billion.
Management priorities
- Expand production and MRO capacity, including the Portugal ramp-up.
- Advance E2 and defense sales campaigns across global markets.
- Progress EVE prototype assembly, certification work and factory configuration.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$70.84Current
$13Low
$46.62Average
$81High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 15, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 11, 2025 |
| UBS | Sell | Sell | Maintain | Aug 15, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 7, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 31, 2025 |
| HSBC | Buy | Hold | Upgrade | Jun 4, 2025 |
| TD Cowen | Buy | Hold | Upgrade | Sep 4, 2024 |
| Morgan Stanley | Overweight | Overweight | Maintain | Mar 14, 2024 |
| Credit Suisse | Underperform | Underperform | Maintain | Apr 30, 2021 |
| Bradesco Corretora | Outperform | Neutral | Upgrade | Sep 26, 2018 |
| Bradesco | Outperform | Neutral | Upgrade | Sep 26, 2018 |
| Bank of America | Buy | Buy | Maintain | Jul 9, 2018 |
| Santander | Underperform | Hold | Downgrade | Oct 30, 2017 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Oct 17, 2017 |
| Deutsche Bank | Hold | Buy | Downgrade | Oct 17, 2017 |
| Drexel Hamilton | Buy | Hold | Upgrade | Nov 1, 2016 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Oct 18, 2016 |
| Itau BBA | Outperform | Outperform | Maintain | Jan 16, 2015 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Nov 3, 2014 |
| Imperial Capital | Outperform | Outperform | Maintain | Mar 14, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $70.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $81 | $56.68 | +14.3% | Jun 8, 2026 |
| UBS | Analyst unavailable | $65 | $57.12 | -8.2% | Mar 26, 2026 |
| UBS | Analyst unavailable | $69 | $62.02 | -2.6% | Dec 5, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $59.38 | -5.4% | Oct 6, 2025 |
| Wolfe Research | Analyst unavailable | $64 | $54.83 | -9.7% | Jul 31, 2025 |
| HSBC | Cenk Orcan | $57 | $45.96 | -19.5% | Jun 4, 2025 |
| UBS | Alberto Valerio | $39 | $44.67 | -44.9% | Apr 24, 2025 |
| HSBC | Cenk Orcan | $36 | $35.1 | -49.2% | Sep 23, 2024 |
| UBS | Alberto Valerio | $28.5 | $27.04 | -59.8% | Mar 26, 2024 |
| CFRA | Stewart Glickman | $27 | $25.07 | -61.9% | Mar 19, 2024 |
| Morgan Stanley | Josh Milberg | $40 | $23.48 | -43.5% | Mar 14, 2024 |
| UBS | Analyst unavailable | $14 | $11.27 | -80.2% | Jan 9, 2023 |
| J.P. Morgan | Analyst unavailable | $13.25 | $5.12 | -81.3% | Dec 6, 2022 |
| Citigroup | Analyst unavailable | $13 | $11.53 | -81.6% | Apr 26, 2022 |
Track every rating change on EMBJ the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEmbraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.…
Historical context
All EMBJ earningsIndustrials peers this season
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| FIX Comfort Systems USA, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.2% | -8.5% | Comfort Systems USA: Strong Growth, Record Backlog, Margin Watchpoints |
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| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the EMBJ recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T05:30:42.778381+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.