Embraer: The 9% Pullback Still Doesn't Offer A Good Entry
Embraer S.A. has experienced a recent decline in its stock price, which analysts believe does not present a good entry point for investors. Despite achieving record revenue and a strong backlog, the company reported weaker margins that resulted in an earnings miss. The guidance for future revenue remains steady, but growth in EBITDA is slowing compared to previous years.
- ▪Embraer shares are currently considered fairly valued after a 9% pullback.
- ▪The company reported record revenue and backlog, but margins in commercial and executive segments were weaker than expected.
- ▪Guidance for revenue is projected between $8.2 billion and $8.5 billion, with adjusted EBIT of $751 million.
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