Home 2022 Ferrari’s Q-2 Earnings are Best-In-Class Again

Ferrari’s Q-2 Earnings are Best-In-Class Again

#automotive #luxury #ferrari #revenue #earnings


“Ferrari is the highest quality supercar product in the space, a strong buy”–Paul Ebeling

  • Ferrari delivered outstanding results once again in Q-2 Y 2022, beating both top-and bottom-line expectations.
  • The company is keeping its costs well managed and is increasingly more dedicated to returning cash to shareholders.
  • The company has a unique moat which makes it a reliable cash machine, with a very low leverage.

Since Ferrari started paying its dividend, the dividend moved up from $0.51 in 2016 to $1.47 last April, which is almost a 3x. To this, Ferrari has started adding a buyback program that is rewarding shareholders even more.

I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.

Earnings Call Transcript

Earnings Call Transcript

Ferrari has an average rating of Buy and a consensus target price at 198.39. RACE is currently trading at 212.00.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top call on the Street, and adjusting it to 250/share short term.

A number of large investors have recently bought shares of RACE, and Ferrari continues to buy back its stock in here.

The stock is considered defensive in the sector.

Have a prosperous day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.