Yahoo Finance Why Embraer (ERJ) is a Top Momentum Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Embraer (ERJ)
Embraer S.A., formerly known as Empresa Brasileira de Aeronautica S.A., was formed by the Brazilian government in 1960 and privatized in 1994. The company, based in Sao Paulo, Brazil, designs, manufactures and sells aircraft and aviation-related structural parts to the world’s commercial aviation, executive aviation and defense markets. It is one of the leaders in the commercial aircraft space, with a seating capacity of up to 150, and delivered more than 8000 jets. The company operates through five segments. These are as follows:
ERJ is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are down 4.6% over the past one week and up 3.1% over the past four weeks. ERJ has gained 77.6% in the last one-year period as well. Looking at trading volume, an average of 1,681,305 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For ERJ, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.16 to $1.47 per share for 2024. ERJ boasts an average earnings surprise of 73.1%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding ERJ to their portfolios.
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Embraer-Empresa Brasileira de Aeronautica (ERJ) : Free Stock Analysis Report
