Ferrari (NYSE:RACE) Updates FY 2025 Earnings Guidance

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

Ferrari Stock Up 0.8 %

Shares of NYSE:RACE traded up $3.58 during trading on Wednesday, hitting $462.88. The company’s stock had a trading volume of 380,494 shares, compared to its average volume of 314,396. The company has a market capitalization of $112.83 billion, a PE ratio of 53.77, a PEG ratio of 3.72 and a beta of 0.95. Ferrari has a fifty-two week low of $373.79 and a fifty-two week high of $498.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. The stock’s 50-day moving average price is $434.09 and its two-hundred day moving average price is $449.06.

Ferrari (NYSE:RACE) last released its earnings results on Tuesday, November 5th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.03). The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Ferrari had a net margin of 22.16% and a return on equity of 44.67%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.98 earnings per share. As a group, sell-side analysts expect that Ferrari will post 8.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays lowered shares of Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Evercore ISI upped their price objective on Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Ferrari from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. UBS Group raised their price objective on Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of Ferrari from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $385.00 to $525.00 in a research report on Friday, October 11th. One investment 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 stock has an average rating of “Moderate Buy” and an average price target 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.