Core Viewpoint - Ferrari N.V. is set to release its financial results for the third quarter of 2024 on November 5, 2024, indicating a scheduled update on the company's performance [1]. Group 1 - The financial results announcement will be accompanied by a live audio webcast and conference call starting at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on the same day [1]. - Access details for the presentation will be available in the Investors section of Ferrari's corporate website, with prior registration required for the conference call [2]. - A replay of the conference call will be archived on Ferrari's corporate website for two weeks following the live session, allowing for broader access to the information [2].

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 ...

These three stocks represent luxury brands that are great for growing your wealth over the long term. Some people love to purchase luxury brands to pamper themselves, from luxury apparel and handbags to scarfs and shoes. Many of the companies that make them enjoy consistent patronage and can make for solid growth stocks you can buy and own for the long term. Such businesses have solid reputations that endow them with strong brand recognition and customer loyalty. Grouped under consumer discretionary, stocks ...

This business looks more like a luxury brand than a typical car maker. Investors might be inclined to look at past winners to find potentially lucrative stock options to own going forward. Winners will keep on winning, as the thinking goes. Ferrari (RACE 4.88%), one of the world's leading manufacturers of supercars, has certainly supercharged shareholder returns. In the past five years, this phenomenal auto stock has soared 166% (as of Aug. 9), beating the broader S&P 500 by a mile. But is it too late to ad ...

At the moment, the concept of acquiring auto stocks might seem counterproductive. After all, the consumer economy is struggling under the weight of inflation and high borrowing costs. Also, the labor market appears to be softening somewhat, leading to concerns of overall viability. Nevertheless, the industry – particularly entities within the legacy framework – may offer surprisingly positive results for stakeholders. Part of the enthusiasm comes down to the political realm. Right now, we're in the middle o ...

Financial Data and Key Metrics Changes - Revenues for Q2 2024 reached €1.7 billion, a 16% increase compared to the previous year, driven by a strong product mix and growing demand for personalization [5][17] - Adjusted EBITDA was approximately €670 million, with a margin of 39% [5][17] - Net profit for the quarter was €413 million, reflecting stronger personalizations and increased visibility for the remainder of the year [5][17] - Industrial free cash flow generation was €121 million, despite higher capital expenditures and tax payments [24] Business Line Data and Key Metrics Changes - Shipments increased by 92 units, with notable contributions from the Purosangue, Roma Spider, and 296 GTS [18][19] - The hybrid share of deliveries reached 48%, primarily driven by the 296 GTS [19] - Personalization accounted for nearly 20% of total revenues from cars and spare parts, supported by the Purosangue and Daytona SP3 [20] Market Data and Key Metrics Changes - Deliveries increased in EMEA, Americas, and Rest of APAC, while there was a decrease of approximately 60 units in Mainland China, Hong Kong, and Taiwan [18] - The company strategically allocated products across different regions to enhance brand strength and exclusivity [6] Company Strategy and Development Direction - The company emphasizes sustainable innovation, with a focus on technological neutrality across internal combustion engines, hybrids, and full electric models [9][10] - The new e-building facility will support the development and production of various powertrains, enhancing competitive advantage [10][11] - The company aims to maintain quality over quantity, focusing on high-value revenues rather than increasing production volumes [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong order book, which extends well into 2026, and highlighted the positive reception of new models [6][29] - The company upgraded its 2024 guidance based on improved visibility and stronger personalization demand [25] - Management noted no signs of weakness in demand, with strong client engagement and interest in new models [56] Other Important Information - The company hosted a series of events focused on sustainable innovation, involving stakeholders and culminating in the inauguration of the new e-building [8] - The company reported a negative currency impact of €35 million, primarily due to adverse dynamics of the U.S. dollar, Japanese yen, and Chinese yuan against the euro [23] Q&A Session Summary Question: Order book and unit growth expectations - Management indicated a focus on price and mix with slower unit growth, but potential for slight acceleration in unit growth [28][29] Question: Personalization increase and its drivers - Personalization reached nearly 20%, driven by client demand, particularly for carbon finishes [31][33] Question: EV strategy and market positioning - The company maintains a strategy of technological neutrality, planning to unveil an EV in Q4 2025 [34] Question: Market demand and geographic performance - Strong demand for Dodici Cilindri across most countries, with some weakness noted in China due to tax burdens [38][39] Question: ASP expectations for the second half - ASP is expected to remain stable, with a projected increase of around 10% for the full year [66]

Ferrari (RACE) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.31%. A quarter ago, it was expected that this luxury sports car maker would post earnings of $2.04 per share when it actually produced earnings of $2.12, delivering a surprise of 3.92%. Over the last four quarters, the ...