20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Embraer SA (NYSE:ERJ) reported a Q2 FY23 revenue of $1.292 billion, an increase of 27% Y/Y, beating the consensus of $1.162 billion.
Adjusted income per basic ADS was $0.32 versus $0.25 last year, which beat the consensus of $0.12.
Embraer delivered 47 jets in Q2 (+47% Y/Y), of which 17 were commercial aircraft and 30 were executive jets.
The company had a firm order backlog of $17.3 billion at the end of Q2 FY23.
Adjusted EBIT margin contracted to 7.7% in Q2, compared to 8.0% in Q2 FY22, due to a different revenue mix.
Adjusted EBITDA margin contracted to 11.5% from 12.2% a year ago.
Adjusted Free Cash Flow w/o EVE (FCF) stood at $(10.7) million vs. $114.2 million a year ago, with higher inventories due to larger deliveries in H2.
FY23 Guidance Reiterated: Embraer reaffirmed commercial jet deliveries of 65-70 aircraft and executive jet deliveries of 120-130 aircraft.
The company sees revenues of $5.2 billion-$5.7 billion vs. consensus of $5.44 billion, an Adjusted EBIT margin of 6.4%-7.4%, and an Adjusted EBITDA margin of 10%-11%.
ERJ expects FY23 adjusted free cash flow of $150 million or better for the year.
Also Read: Embraer Inks Pact With China's Lanzhou Aviation For Freight Conversion Deal
Price Action: ERJ shares are trading lower by 4.55% at $14.28 on the last check Monday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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