Ferrari (RACE) to Release Earnings on Tuesday

Ferrari (NYSE:RACE - Get Free Report) is projected to release its Q4 2024 earnings data before the market opens on Tuesday, February 4th. Analysts expect Ferrari to post earnings of $2.15 per share and revenue of $1.94 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.03). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ferrari had a net margin of 22.16% and a return on equity of 44.67%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.98 EPS. On average, analysts expect Ferrari to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Ferrari Price Performance

NYSE:RACE traded up $5.24 during trading hours on Wednesday, hitting $464.54. 539,298 shares of the company's stock traded hands, compared to its average volume of 322,209. The company has a quick ratio of 3.55, a current ratio of 4.57 and a debt-to-equity ratio of 0.93. The business's fifty day simple moving average is $434.09 and its two-hundred day simple moving average is $449.06. The firm has a market cap of $113.23 billion, a P/E ratio of 53.95, a P/E/G ratio of 3.72 and a beta of 0.95. Ferrari has a 52 week low of $373.79 and a 52 week high of $498.23.

Wall Street Analyst Weigh In

RACE has been the topic of a number of analyst reports. Evercore ISI boosted their price objective on shares of Ferrari from $475.00 to $565.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Ferrari from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. Barclays lowered Ferrari from an "overweight" rating to an "equal weight" rating in a research report on Wednesday. JPMorgan Chase & Co. raised Ferrari from a "neutral" rating to an "overweight" rating and increased their target price for the company from $385.00 to $525.00 in a report on Friday, October 11th. Finally, UBS Group increased their target price on shares of Ferrari from $478.00 to $513.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $507.14.

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.