Ferrari (NYSE:RACE) Earning’s ‘Whisper’ Numbers

Ferrari (NYSE:RACE) Earning’s ‘Whisper’ Numbers

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.

Ferrari NV Price and EPS Surprise

Ferrari has diversified its revenue sources and generates most of it from selling luxury cars, engines and Ferrari brand merchandise. The company also owns a F1 racing team as well as theme parks.

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.

Whispers Numbers

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.

Overall, the HeffX-LTN outlook for Ferrari is Bullish across the board

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :