Ferrari (NYSE:RACE) Earning’s ‘Whisper’ Numbers
Ferrari (NYSE:RACE) is set to report Q-4 and F-Y 2017 results on 1 February.
Notably, in Q-3 Y 2017, the company delivered a positive surprise of 20.8%. The Maranello out has surpassed analysts estimates in each of the trailing 4 Quarters, with an average beat of 27.6%.
Over the past year, shares of Ferrari have outperformed its sector by a long shot. Ferrari’s shares have increased 99% compared with the industry’s growth of 35.9%.
How things look for the Q-4 Y 2017 announcement.
In Y 2017, the company anticipates vehicle shipments of around 8400, unchanged from its prior outlook.
In Y 2017, net revenues are anticipated to be around EUR 3.4-B, driven by cars and spare parts and engines. This is higher than the prior expectation of EUR 3.3-B.
Y 2017 adjusted EBITDA is anticipated at about EUR 1-B, higher than the prior outlook of EUR 950-M.
Ferrari has seen recalls related to the Takata airbags, and has raised an expected expenditure on that matter.
If Ferrari reports as in the past is likely to beat on earnings this Quarter. Some are whispering EPS at 0.67/share, some say 0.80/share on more.
Latest posts by Paul Ebeling (see all)
- Facebook (NASDAQ:FB) Under Siege, Progressives Want it Broken Up - May 21, 2018
- Commentary: Paul Ebeling on Wall Street - May 21, 2018
- Morning Briefing Global Stocks - May 21, 2018