About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

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Core Viewpoint - Ferrari N.V. is expected to report its third-quarter 2024 results on November 5, with earnings per share estimated at $2.11 and revenues at $1.80 billion, reflecting a positive outlook for the company [1][2]. Financial Performance - The consensus estimate for Ferrari's earnings per share has increased by 6 cents over the past 90 days, indicating a projected rise of 6.57% compared to the same quarter last year [2]. - The expected revenue for the upcoming quarter suggests a year-over-year increase of 7.06% [2]. - In the second quarter of 2024, Ferrari reported adjusted earnings per share of $2.46, surpassing the consensus estimate of $2.21, and showing an increase from $1.99 in the previous year [3]. Delivery and Production Insights - In Q2 2024, Ferrari shipped 3,484 units, a 2.7% increase from the same quarter in 2023, driven by strong demand for models like the Ferrari Purosangue, Roma Spider, and 296 GTS [4]. - The delivery trend is anticipated to continue into the third quarter, supporting revenue growth [4]. Guidance and Outlook - Ferrari has revised its 2024 guidance upwards, now expecting net revenues of €6.55 billion, an increase from the previous estimate of €6.4 billion, and an adjusted EBIT margin of 27.5%, up from 27% [5]. - The positive product mix and increased demand for personalization are expected to contribute to strong third-quarter results [5]. Earnings Prediction Model - The earnings prediction model indicates a likely earnings beat for Ferrari, supported by a positive Earnings ESP of +0.39% and a Zacks Rank of 3 (Hold) [6].

Maranello (Italy), 23 October 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” o la “Società”) is pleased to announce the multi-year renewal of its partnership with Shell, signed today. This agreement, which will take effect on 1 January 2026, encompasses Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series. Attachment ...

Group 1 - The consensus price target for Ferrari NV (RACE) is $410.62 based on ratings from 17 analysts, with a high target of $565 from Evercore ISI Group and a low target of $283 from Goldman Sachs [2] - Recent analyst ratings from Evercore ISI Group, JP Morgan, and Morgan Stanley suggest an average price target of $536.67, indicating a potential upside of 12.30% for Ferrari NV [2] - The most recent analyst ratings were issued on October 22, 2024, October 11, 2024, and August 27, 2024, respectively [2] Group 2 - The analyst trends indicate a mix of buy, hold, and sell ratings, with a notable presence of buy ratings in recent months [3] - The data suggests a positive outlook for Ferrari NV, as indicated by the average price targets and recent analyst upgrades [3]

Maranello (Italy), October 16, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the third quarter of 2024 will be released on Tuesday, November 5, 2024. A live audio webcast and conference call of the 2024 Q3 results will begin at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on Tuesday, November 5. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior t ...

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. B of A Securities analyst Neel Mitra upgraded the rating for Kinder Morgan, Inc. KMI from Neutral to Buy and raised the price target from $23 to $27. Kinder Morgan shares gained 1% to close at $23.72 on Thursday. See how other analysts view this stock. JP Morgan analyst Ryan Brinkman upgraded the rating for Ferrari N.V. ...

The famed Italian company might be one of the few automakers that can price EVs into profitability. Ferrari (RACE 0.83%) is evolving before your very eyes, which is especially interesting if you're a savvy investor and have been following the iconic car company. Ferrari has already expanded its legacy slightly when it launched the Purosangue, its first SUV -- although Ferrari refuses to call the 4-door vehicle an SUV. And in case you missed it, Ferrari is about to expand on its legacy once again as it enter ...

The luxury supercar maker still has a bright future. Ferrari (RACE -0.74%), one of the world's most well-known luxury supercar makers, went public at $52 on Oct. 21, 2015. The stock now trades at about $474 -- so a $10,000 investment would have blossomed into more than $91,000 in just under nine years. But can this hot auto stock head even higher over the next decade? An evergreen business model Most of Ferrari's vehicles cost $200,000 to $600,000, so it mainly serves extremely wealthy customers who are wel ...

Maranello, August 30, 2024 - Ferrari N.V. (NYSE/ EXM: RACE) ('Ferrari' or the 'Company') announces the termination of the partnership between Ferrari S.p.A., its wholly-owned subsidiary, and Santander, effective as of December 31st, of 2024 since the committed three-year contract will end. The partnership, which began in January 2022 after a previous collaboration from 2010 to 2017, saw Santander alongside our Company in the sporting activities of the Prancing Horse. Santander has been Premium Partner of Sc ...