Why Embraer S.A. (ERJ) Went Up on Thursday

We recently compiled a list of the 10 Firms Stayed Strong Amid Market Bloodbath. In this article, we are going to take a look at where Embraer S.A. (NYSE:ERJ) stands against the other stocks.

The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.

The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.

On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.

Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.

To come up with Thursday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

An engineer examining a detailed blueprint of an aircraft.

Embraer S.A. (NYSE:ERJ)

Aircraft manufacturer Embraer S.A. (NYSE:ERJ) extended its winning streak for a fourth day on Thursday, adding 10.75 percent to finish at $47.50 apiece as investors cheered its earnings performance last year.

In a statement, Embraer S.A. (NYSE:ERJ) said revenues for the fourth quarter of 2024 totaled $2.3 billion, while revenues for the full year increased by 21 percent year-on-year to $6.4 billion, with 40 percent owed to its defense and security revenues.

In the fourth quarter, Embraer S.A. (NYSE:ERJ) said it was able to deliver 75 jets, of which 31 were commercial jets and 44 were executive jets. In full year 2024, a total of 206 aircraft were delivered, of which 73 were commercial jets, 130 were executive jets, and three were for defense and security. The total deliveries were 13.8 percent higher than the 181 delivered aircraft a year earlier.

For this year, Embraer S.A. (NYSE:ERJ) expects to deliver between 77 and 85 commercial aircraft, and between 145 and 155 executive aviation aircraft.

Total revenues were pegged at a range of $7 billion to $7.5 billion.

Overall ERJ ranks 4th on our list of Thursday’s top gainers. While we acknowledge the potential of ERJ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ERJ but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.