Thursday, 31 January Ferrari (NYSE:RACE) will release its latest earnings report.
Here is the outlook for the iconic Italian supercar maker.
Earnings and Revenue
Wall Street analysts see Ferrari reporting EPS of 0.94/share on sales of $992.67-M.
In the same Quarter last year, Ferrari reported EPS of 0.89/share on revenue of $1.05-B.
If Ferrari matches the consensus estimate when it reports Thursday, EPS would be up 5.62%. Sales would have fallen 5.46% from the same Quarter last year. Ferrari’s reported EPS has stacked up against analyst estimates in the past like this: click here.
Over the last 52-wks trading, Ferrari shares are down 7.84%. Given that these returns are generally negative, long-term shareholders may not be happy going into this earnings release.
But, long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating from analysts on Ferrari stock is a Neutral. The strength of this rating has risen over the past 3 months.
Ferrari is scheduled to hold a conference call at 9:30a EST, it can be accessed here: https://edge.media-server.com/m6/p/4i5a4p28
HeffX-LTN’s overall technical outlook for RACE is Bullish across the board.