Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral314.3%
Bearish314.3%
Embraer S.A. · EMBJ · FY2024 Q3 · Calendar Q4 2024
Embraer raises profitability targets as supply-chain limits aircraft deliveries
The quarter supports a constructive view of Embraer's operating trajectory: strong demand, a record backlog, and higher profitability targets outweighed ongoing supply-chain pressure. The key test is whether execution and delivery recovery can convert backlog into recurring earnings without relying on one-off arbitration proceeds.
Reported Before market openNYSEIndustrials
$13.28B 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
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Event window
SPY move
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Same window
Abnormal move
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Stock minus SPY
Volume
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Versus trailing sessions
Subsequent drift
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Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about EMBJ FY2024 Q3
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How did the market react to EMBJ FY2024 Q3 earnings, and why?What changed in EMBJ's guidance and outlook in FY2024 Q3?Give me the bull and bear case for EMBJ after FY2024 Q3 earnings.
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Transcript intelligence
What changed
Compared with the prior analysis, management reported stronger Q3 momentum, a record $22.7 billion backlog, higher adjusted EBIT margin and free cash flow targets, and investment-grade rating upgrades. The offset was a reduction in Commercial Aviation delivery guidance to 70–73 aircraft because supply-chain bottlenecks persisted.
Guidance delta
Management raised adjusted EBIT margin guidance to 9–10% and lifted its free cash flow target to $300 million or more, while reducing Commercial Aviation delivery guidance to 70–73 aircraft because of supply-chain constraints.
Key takeaways
- Revenue increased 32% year over year, led by Executive Aviation and Defense & Security, each up more than 60%.
- Backlog reached a record $22.7 billion, supported by defense contracts and C-390 orders.
- The outlook improved for adjusted EBIT margin and free cash flow, but Commercial Aviation delivery guidance was reduced to 70–73 aircraft.
Management priorities
- Expand Service & Support through a new MRO facility in Fort Worth, Texas.
- Increase executive-jet and commercial-aircraft production capacity as backlog fills.
- Advance Eve eVTOL development toward first flight and planned certification while growing KC-390 sales.
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Analyst 52W Price Targets
$72.34Current
$13Low
$46.62Average
$81High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 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 $72.34. 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 | +12.0% | Jun 8, 2026 |
| UBS | Analyst unavailable | $65 | $57.12 | -10.1% | Mar 26, 2026 |
| UBS | Analyst unavailable | $69 | $62.02 | -4.6% | Dec 5, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $59.38 | -7.4% | Oct 6, 2025 |
| Wolfe Research | Analyst unavailable | $64 | $54.83 | -11.5% | Jul 31, 2025 |
| HSBC | Cenk Orcan | $57 | $45.96 | -21.2% | Jun 4, 2025 |
| UBS | Alberto Valerio | $39 | $44.67 | -46.1% | Apr 24, 2025 |
| HSBC | Cenk Orcan | $36 | $35.1 | -50.2% | Sep 23, 2024 |
| UBS | Alberto Valerio | $28.5 | $27.04 | -60.6% | Mar 26, 2024 |
| CFRA | Stewart Glickman | $27 | $25.07 | -62.7% | Mar 19, 2024 |
| Morgan Stanley | Josh Milberg | $40 | $23.48 | -44.7% | Mar 14, 2024 |
| UBS | Analyst unavailable | $14 | $11.27 | -80.6% | Jan 9, 2023 |
| J.P. Morgan | Analyst unavailable | $13.25 | $5.12 | -81.7% | Dec 6, 2022 |
| Citigroup | Analyst unavailable | $13 | $11.53 | -82.0% | 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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBHT J.B. Hunt Transport Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | -2.0% | J.B. Hunt: Strong demand, but margin repair remains central |
| FAST Fastenal Company | FY2026 Q3 · Calendar Q4 2026 | +3.3% | +1.1% | Fastenal Q3: Share Gains and Digital Adoption Lift Growth |
Latest beats and misses
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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 · 2026-10-18T04:50:43.026799+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 2026-10-18. For educational purposes only; not investment advice.