Embraer ADR saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 98.
The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Embraer ADR is trading within the buy zone from a 37.30 entry from a flat base. But note that it's a later-stage base, which makes it a riskier entry point.
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The stock has an 80 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 567% earnings-per-share growth. Top line growth rose 32%, up from 16% in the prior report. That marks one quarter of rising revenue increases.
Embraer ADR earns the No. 3 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace is the top-ranked stock within the group.
