Embraer S.A. (NYSE:ERJ) is trading up 20.81% versus 12-month low of 17.06 and stands -32.40% lower from its 1-year peak of $30.49. The consensus price target (PT) of $25.12 means that the market expects Company shares to increase by 21.1% in the short run. The sell-side target prices range from $18 to $35. In the last month the stock has moved in price 8.08%, with a one year change of -25.87%. The last trading session volume compares with the 1.36M average and market worth floats around 3.82B.
Embraer S.A. (NYSE:ERJ) fell -0.67% to reach at the trading price of $20.61 as it is set to release its next quarterly earnings report on March 21, 2017. Embraer S.A. stock trades in the range of $20.37 to $21.06 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.72 a share with $1.86B in revenue.
Embraer S.A. (ERJ) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Embraer S.A. to earn $0.34 per share (EPS) on revenue of $1.27B. The EPS consensus range is $0.3-$0.37 on revenue between $1.4B and $1.15B.
While if we look at the Earnings Track Record, Embraer S.A. (ERJ) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%. Last time the company reported, Embraer S.A. (ERJ) generated $0.43 in earnings per share, beating the consensus estimate of $0.31. Revenues hit $1.51B in the September 2017 quarter, which was above the consensus $1.47B projection. On the other hand, in the June 2017 quarter the company recorded a net $1.37B revenue with earnings per share of $0.24. Wall Street had anticipated $1.4B and $0.48, respectively. For comparison, there was a revenue of $1.31B and EPS of $-0.01 in the March 2016 period.
Embraer S.A. (NYSE:ERJ) Analyst Insights
The buoyancy in the outlook of Embraer S.A. (ERJ) is getting weaker by the somewhat negative sentiment (2.30 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Goldman has been covering shares of ERJ, so it is most recent view is worth a look. In a research note issued on Nov 22, 2016, analysts at downgraded the stock to Sell from Neutral. Another noteworthy analyst activity was recorded on Oct 13, 2016. Goldman Analysts lifted the stock to Buy from Neutral.