Ferrari (NYSE:RACE) Updates FY 2025 Earnings Guidance

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

Ferrari Price Performance

RACE stock traded down $1.53 on Thursday, hitting $462.66. 229,508 shares of the company’s stock traded hands, compared to its average volume of 317,972. Ferrari has a 1-year low of $375.31 and a 1-year high of $498.23. The stock has a market cap of $112.77 billion, a price-to-earnings ratio of 53.74, a P/E/G ratio of 3.72 and a beta of 0.95. The stock has a fifty day moving average of $434.75 and a 200-day moving average of $449.16. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on RACE shares. Barclays lowered shares of Ferrari from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. StockNews.com lowered shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Evercore ISI increased their price target on shares of Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferrari in a research note on Thursday. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Ferrari from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $385.00 to $525.00 in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $507.14.

Ferrari Company Profile

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.