Ferrari Stock Is Falling After Earnings Met Wall Street's Expectations
The sports car manufacturer is less dependent on the Chinese market than other sellers of luxury goods.
Ferrari's core profit rose 7% in Q3 supported by product mix, personalisations
Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in vehicle shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation.
Ferrari stock forms a dangerous pattern ahead of earnings
Ferrari (RACE) stock price has done well this year, rising by 40%, and making it one of the best-performing players in the automobile industry. It rallied to a record high of $497.68 on September 3, bringing its valuation to almost $90 billion.
Ferrari Gears Up to Report Q3 Earnings: Here's What to Expect
The Zacks Consensus Estimate for RACE's third-quarter earnings and revenues is pegged at $2.11 per share and $1.80 billion, respectively.
Ferrari (RACE) Earnings Expected to Grow: Should You Buy?
Ferrari (RACE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will Ferrari (RACE) Beat Estimates Again in Its Next Earnings Report?
Ferrari (RACE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Ferrari To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Tuesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Ferrari: Horsepower And Pricing Power
Ferrari's unique brand and pricing power are unmatched. The company's moat and wealthy customer base make it especially resilient. Even over the long term, as the company already fosters a decade-long pipeline of customers. While Ferrari is a one-of-a-kind company, its valuation more than reflects that. Making a "Hold" rating is the only sensible decision at the current price.
If Trump wins, get ready to finance that Ferrari
The GOP presidential nominee's pitch to make car-loan interest tax deductible would be a boon to wealthy taxpayers.
This Ferrari Analyst Turns Bullish; Here Are Top Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Ferrari shuts down gas-fuelled plant to double solar production
Ferrari has shut down a methane gas-fueled electricity generation plant its home town of Maranello as it aims to double its solar power production, the Italian luxury sports carmaker said on Tuesday.
Ferrari stock is severely overvalued: is it an attractive buy?
Ferrari, the biggest merchant of super expensive super cars, has also become one of the most expensive companies in Wall Street. Its stock has jumped by 40% this year and by 736% since going public almost a decade ago.
