Why Ferrari (RACE) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Ferrari (RACE) is positioned well to continue its trend of beating earnings estimates, supported by a strong history of performance in recent quarters [1][2]. Earnings Performance - Ferrari has consistently surpassed earnings estimates, achieving an average beat of 14.58% over the last two quarters [2]. - In the most recent quarter, Ferrari reported earnings of $2.28 per share against an expectation of $1.89, resulting in a surprise of 20.63% [2]. - For the previous quarter, the consensus estimate was $2.11 per share, while the actual earnings were $2.29, leading to a surprise of 8.53% [2]. Earnings Estimates and Predictions - Estimates for Ferrari have been trending higher, influenced by its history of earnings surprises [4]. - The stock has a positive Zacks Earnings ESP of +10.75%, indicating increased analyst optimism regarding its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report scheduled for May 6, 2025 [7]. Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6]. - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [8].