Embraer 2018 Guidance Reveals Margin Pressure in 2018, FVE Trimmed Again
On Oct. 27, Embraer reported third-quarter results and held an investor day. The most important piece of information was guidance for 5%-6% consolidated EBIT margins in 2018. This was below both consensus expectations of 7% and our estimates. Although our forecast for fewer than 100 regional jet shipments in 2018 was correct, we underestimated the margin pressure Embraer faces in 2018 as it ramps production on the E2 jet. Also, we think it faces margin headwinds from KC-390 production. We’ve red...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.