Ferrari (RACE) Q4 Earnings and Revenues Top Estimates

Financial Performance - Ferrari reported quarterly earnings of $2.28 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, and up from $1.74 per share a year ago, representing an earnings surprise of 20.63% [1] - The company posted revenues of $1.85 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.24%, compared to $1.64 billion in the same quarter last year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.26 on revenues of $1.87 billion, and for the current fiscal year, it is $9.26 on revenues of $7.51 billion [7] - The estimate revisions trend for Ferrari is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which Ferrari belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]