Ferrari (NYSE:RACE) Issues FY 2025 Earnings Guidance

Ferrari (NYSE:RACE) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 9.180- for the period, compared to the consensus EPS estimate of 9.000. The company issued revenue guidance of $7.5 billion-, compared to the consensus revenue estimate of $7.2 billion.

Wall Street Analyst Weigh In

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

Ferrari Trading Up 0.8 %

Shares of RACE stock traded up $3.58 on Wednesday, reaching $462.88. 380,494 shares of the stock were exchanged, compared to its average volume of 314,396. 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 stock has a market cap of $112.83 billion, a P/E ratio of 53.77, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The firm has a 50 day moving average of $434.09 and a two-hundred day moving average of $449.06. Ferrari has a 1-year low of $373.79 and a 1-year high of $498.23.

Ferrari (NYSE:RACE) last released its quarterly earnings data on Tuesday, November 5th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.03). Ferrari had a return on equity of 44.67% and a net margin of 22.16%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $1.98 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Ferrari will post 8.59 EPS for the current year.

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.