Ferrari now trades at its historical average P/E, following a correction from previously overvalued levels, prompting an upgrade to Buy. RACE's scarcity-driven strategy ensures controlled, moderate growth, with a filled order book into 2027 and a conservative 2030 revenue target of €9 billion. Recent financials show shipment growth slowing but strong pricing leads to expanding margins.
RACE's stock slump contrasts with resilient demand, rich margins and a deep order backlog that highlights the brand's long-term strength.
RACE's Q3 performance surged as the Purosangue SUV redefined exclusivity, fueling demand and strengthening margins.
Ferrari (NYSE:RACE) reported third-quarter earnings that beat expectations, buoyed by higher prices and strong demand for customized and hybrid vehicles, even as weaker China sales and US tariff concerns lingered. Revenue rose 7% to €1.77 billion, surpassing analyst estimates of €1.71 billion, while EBIT increased 8% to €503 million.
Ferrari (RACE) came out with quarterly earnings of $2.5 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.29 per share a year ago.
Ferrari delivered more vehicles than expected, as weakness in Americas and China was offset by higher shipments elsewhere.
"We continue to advance with conviction and strong visibility on our development path," Ferrari CEO Benedetto Vigna said in a statement. In this article RACE-IT
Ferrari (RACE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ferrari is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles.
Ferrari is rated a strong buy, with the recent stock drop seen as a long-term opportunity to build a core portfolio position. RACE's unique brand strength and pricing power support its moat, making it less vulnerable to disruption and less dependent on volume growth. Despite conservative 2030 guidance and lower-than-expected revenue growth targets, Ferrari's high margins and shareholder rewards remain robust.
Ferrari (RACE 1.75%) garnered a lot of attention lately when the luxury automaker held its Capital Markets Day, where management issued 2030 guidance that was slightly lower than expected. Many investors sold off the stock as a result.
Welcome to the show! Ferrari (RACE -3.08%) gave investors a sneak peek at its upcoming first full-electric model last week, with an unveiling laser light show that might rival Las Vegas' Sphere.