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Embraer-empresa Brasileira De Aeronautica (DE:EMY)
FRANKFURT:EMY
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.48Last Year’s EPS
€1.01Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 8.97%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for Embraer. While the company reported strong overall revenue growth and a record backlog, supply chain challenges and profitability issues in certain segments, particularly Commercial Aviation and Defense & Security, posed significant challenges. The positive developments, including a credit rating upgrade and strong performance in Executive Aviation, were somewhat offset by these issues.Company Guidance
During Embraer's Q3 2024 earnings call, the company provided updated guidance reflecting both opportunities and risks for their operations. The revenue guidance for 2024 was reiterated at a midpoint of $6.2 billion. The adjusted EBIT margin was increased to a range of 9.5%, and free cash flow generation was projected at $300 million or higher. In terms of operational guidance, the company maintained its delivery target for Executive Aviation at 125 to 135 aircraft but reduced its Commercial Aviation delivery guidance from 72-80 jets to 70-73 due to supply chain issues. Year-over-year, Q3 revenues increased by over 32%, driven by a significant rise in Executive Aviation and Defense & Security, which grew by more than 65%. The adjusted operating margin for Q3 improved to 17.6%, although excluding a $150 million Boeing arbitration agreement, the margin was 8.7%. The firm's order backlog reached $22.7 billion, with a book-to-bill ratio above 2:1. Other key figures included a 33% year-on-year increase in total aircraft deliveries for Q3 and a 22% rise year-to-date. Fitch Ratings upgraded Embraer's credit rating to BBB- with a stable outlook, making the company investment-grade with two leading U.S. rating agencies.Strong Revenue Growth
Embraer reported a 32% year-over-year increase in Q3 revenues, driven by Executive Aviation and Defense & Security, both up more than 65%. Overall company revenues increased 24% in the first 9 months of 2024 compared to the same period in 2023.
Increased EBIT Margin and Free Cash Flow
Adjusted EBIT margin improved to 17.6% during Q3. The company also increased its free cash flow generation guidance to $300 million or higher.
Record Backlog
Embraer's firm order backlog reached $22.7 billion in Q3, supported by a robust year-to-date book-to-bill ratio higher than 2:1.
Credit Rating Upgrade
Fitch Ratings upgraded Embraer's rating from BB+ to BBB- with a stable outlook.
Executive Aviation Records
The Executive Aviation segment achieved its best third quarter in terms of revenues and deliveries in its history, with a 65% year-on-year revenue increase in Q3.
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DE:EMY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:EMY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | €31.20 | €31.40 | +0.64% |
| Aug 08, 2024 | €24.00 | €25.80 | +7.50% |
| May 07, 2024 | €23.80 | €25.80 | +8.40% |
| Mar 18, 2024 | €22.00 | €21.60 | -1.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Embraer-empresa Brasileira De Aeronautica (DE:EMY) report earnings?
Embraer-empresa Brasileira De Aeronautica (DE:EMY) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Embraer-empresa Brasileira De Aeronautica (DE:EMY) earnings time?
Embraer-empresa Brasileira De Aeronautica (DE:EMY) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Embraer-empresa Brasileira De Aeronautica stock?
The P/E ratio of Embraer SA is 13.6.
What is DE:EMY EPS forecast?
DE:EMY EPS forecast for the fiscal quarter 2024 (Q4) is €0.48.
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