Here's Why Embraer (ERJ) is a Strong Momentum Stock

Company Overview - Embraer S.A. is a Brazilian company that designs, manufactures, and sells aircraft and aviation-related structural parts, serving commercial aviation, executive aviation, and defense markets [12] - The company was established in 1960 by the Brazilian government and privatized in 1994, and it has delivered over 8,000 jets [12] Investment Ratings - Embraer is currently rated as 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid performance potential [12] - The company has a Momentum Style Score of A, with shares increasing by 9% over the past four weeks [13] Earnings Estimates - For fiscal 2024, one analyst has revised their earnings estimate upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.25 to $1.56 per share [13] - Embraer has an average earnings surprise of 52.3%, suggesting strong performance relative to expectations [13]