Ferrari N.V. (RACE)
Ferrari offers cautious guidance. The stock revs higher anyway.
Sports-car maker Ferrari reported a jump in fourth-quarter profit, buoyed by product mix even as shipments grew just 2%.
Ferrari sees further growth this year after beating forecasts in FY 2024
Luxury sports car maker Ferrari said on Tuesday its revenues and core earnings would rise this year, supported by strong product delivery and increased demand for personalisation after meeting targets for 2024.
The Best Electric Vehicle Stock You Never Saw Coming
When you think of the next big electric vehicle (EV) stock, you might think of those vying to be the next Tesla, such as Rivian Automotive. Or you might try your luck with a next-generation battery developer, QuantumScape.
This Luxury Goods Superstar Is Making a $4 Million Supercar. Is the Stock a Buy Today?
Meet Ferrari's (RACE 0.38%) newest supercar, the F80. While it might be nearly impossible to get your hands on one, considering Ferrari's notorious exclusivity with selling its vehicles, it's likely to help power the automaker's future profits.
Ferrari: Debunking Misconceptions About A Disappointing Third Quarter
Ferrari's shares declined due to misconceptions about China, unit shipments, and non-recurring operations, presenting a buying opportunity. The decline in shipments is due to an ERP transition, and the China reduction is intentional. Ferrari's unique market position, strong brand, and prudent management justify its high valuation and promise market-beating returns.
Trump's tariff threats have rattled Europe's auto giants — but Ferrari appears remarkably unfazed
President-elect Donald Trump has vowed to impose steep tariffs on China, Canada and Mexico in one of his first acts in office, threatening to shake up the auto industry's supply chains and raising investor concerns about higher costs. The fact that Europe was not mentioned in Trump's first tariff announcement will be regarded as welcome news for European Union policymakers, although the 27-nation bloc is likely worried that it's just a matter of time before Trump turns his attention to the region's auto sector.
1 Magnificent Stock Up Almost 700% in 9 Years: Is It a No-Brainer Buying Opportunity Right Now?
1 Magnificent Stock Up Almost 700% in 9 Years: Is It a No-Brainer Buying Opportunity Right Now?
Ferrari N.V. (RACE) Q3 2024 Earnings Call Transcript
Ferrari N.V. (NYSE:RACE ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Conference Call Participants Thomas Besson - Kepler Cheuvreux John Murphy - Bank of America Merrill Lynch George Galliers - Goldman Sachs Adam Jonas - Morgan Stanley Monica Bosio - Intesa SanPaolo Michael Binetti - Evercore Tom Narayan - RBC Henning Cosman - Barclays Stephen Reitman - Bernstein Anthony Dick - ODDO BHF Michael Tyndall - HSBC Daniel Schwarz - Stifel Operator Good day and thank you for standing by.
Ferrari Q3 Earnings: Lower Shipments Is Great News
Ferrari's Q3 report shows a deliberate 2.2% decrease in shipments, while revenues increased by 6.5% and EPS rose by 14.3% to EUR 2.08. The company's strategy focuses on exclusivity and high-margin personalization, with a significant order book extending into 2026 and the sold-out F80 model. Ferrari's 2024 guidance is conservative, with expected revenues above EUR 6.55B and industrial FCF potentially reaching EUR 1B, setting up a strong FY2025.
Ferrari (RACE) Q3 Earnings and Revenues Beat Estimates
Ferrari (RACE) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $1.98 per share a year ago.
Ferrari reverses from all-time high as investors take profits
Ferrari (NYSE:RACE) shares went into reverse on Tuesday, having hit an all-time high two months ago as the sportscar manufacturer reported a decline in shipments but backed its full-year outlook. The Italian group posted third-quarter results showing net revenues of €1.6 billion, up 6.5%, with total shipments down 2.2% to 3,383.
Ferrari reiterates guidance as China deliveries fall sharply
Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.
