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HXL - Embraer Stock: Still A Buy Despite Downgrade And Miss
Hexcel Corporation
2024-02-26 06:31:05 ET
Summary
Embraer's airplane deliveries for 2023 fell short of guidance, with 1-6 units fewer commercial airplanes and 5-15 units fewer executive jets delivered.
Analysts are expecting stable year-over-year revenues and a 472% growth in earnings per share for Embraer's Q4 2023 earnings.
Despite missing delivery guidance, analysts still consider ERJ stock a buy, but management's comments on supply chain health and 2024 deliveries will be crucial.