Embraer (ERJ) Tops Q3 EPS by 28c

Embraer (NYSE: ERJ) reported Q3 EPS of $0.60, $0.28 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.33 billion.

GUIDANCE:

Embraer sees FY2017 revenue of $5.3-6 billion.

"Embraer expects 2018 to be a transition year due to the entry into service of the first E2 model, the E190-E2, combined with a still flattish market for Executive Jets and Defense & Security. In this transition scenario of ramp-up costs for the initial E2 deliveries, the Company releases 2018 Outlook for total revenues of US$ 5.3 to US$ 6.0 billion, with deliveries of 85 to 95 jets in Commercial Aviation and 105 to 125 jets in Executive Jets. Consolidated EBIT margin is expected to be within a range of 5.0% to 6.0%, and Guidance for Free Cash Flow is for a usage of US$ (150) million or better for 2018."

For earnings history and earnings-related data on Embraer (ERJ) click here.

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