Embraer S.A. · EMBJ · FY2024 Q4 · Calendar Q1 2025

Embraer pairs record revenue with a large backlog and execution risks

The supplied analysis supports a constructive but execution-dependent view: strong backlog, orders and diversified segments provide demand support, while delivery cadence, margins and cash conversion determine how much of that demand becomes durable earnings.

Reported Before market openNYSEIndustrials $13.06B 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.

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Transcript intelligence

What changed

The current analysis shifts the emphasis from the prior quarter's raised guidance and supply-chain constraints toward maintained guidance, record 2024 performance, production-leveling initiatives, capacity expansion and a broader investment program. The core risks remain execution, margins and cash conversion.

Guidance delta

Current guidance sentiment is maintained, versus raised in the prior-quarter analysis.

Key takeaways

  • Management highlighted record 2024 revenue, a $26.3 billion backlog and near-zero net debt.
  • Order flow was strong across commercial, executive and defense segments.
  • Production leveling and supply-chain digitization are intended to improve delivery cadence and cash conversion.
  • The 2025 outlook centers on revenue growth, EBIT margins and positive free cash flow.
  • The main counterweights are supply-chain bottlenecks, margin volatility and timing-sensitive defense prepayments.

Management priorities

  • Improve production linearity and supply-chain execution.
  • Expand commercial and executive aircraft capacity.
  • Invest in MRO facilities and service support.
  • Advance eVTOL certification and research in autonomous, alternative-propulsion and hydrogen concepts.

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Earnings History

Estimate Beat Miss Match
EMBJ EPS earnings history estimate and actual scatter chart 5 reported fiscal quarters and 4 future estimate-only quarters. Q2 '25 estimate $0.47 Q2 '25 actual $-0.02, miss Q3 '25 estimate $0.46 Q3 '25 actual $0.64, beat Q4 '25 estimate $0.17 Q4 '25 actual $0.83, beat Q1 '26 estimate $0.29 Q1 '26 actual $0.16, miss Q2 '26 estimate $0.61 Q2 '26 actual $1.22, beat Q3 '26 estimate $0.80 Q4 '26 estimate $1.16 Q1 '27 estimate $0.38 Q2 '27 estimate $0.79

Analyst Consensus ?

ConsensusBuy21 ratings
Bullish1571.4%
Neutral314.3%
Bearish314.3%

Analyst 52W Price Targets

$71.16Current
$13Low
$46.62Average
$81High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
JP Morgan Overweight OverweightMaintainAug 14, 2026
Citigroup Buy BuyMaintainOct 15, 2025
B of A Securities Buy BuyMaintainSep 11, 2025
UBS Sell SellMaintainAug 15, 2025
Goldman Sachs Buy BuyMaintainAug 7, 2025
Show 16 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $71.16. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
ScotiabankAnalyst unavailable$81$56.68 +13.8%Jun 8, 2026
UBSAnalyst unavailable$65$57.12 -8.7%Mar 26, 2026
UBSAnalyst unavailable$69$62.02 -3.0%Dec 5, 2025
Morgan StanleyAnalyst unavailable$67$59.38 -5.8%Oct 6, 2025
Wolfe ResearchAnalyst unavailable$64$54.83 -10.1%Jul 31, 2025
See 9 more

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Company context

Snapshot as of publication

Embraer 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 earnings

Industrials peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T15:50:45.018831+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 2026-10-11. For educational purposes only; not investment advice.