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.
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.
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