Ferrari N.V (RACE) Misses Q1 EPS by 7c; offers guidance
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Jefferies Comments on Ferrari (RACE) Earnings Report
May 7, 2024 7:52 AM EDTJefferies analyst Philippe Houchols reiterated a Hold rating and $408.00 price target on Ferrari (NYSE: RACE)
The analyst comments "~1% beat on both EBIT and revenue in Q1, giving 27.9% margin; FCF also ~in-line at 321m incl. 30% higher y/y investment spend. Units flat y/y... More
Jefferies Comments on Ferrari NV (RACE:IM) (RACE) Earnings Report
May 7, 2024 7:51 AM EDTJefferies analyst Philippe Houchois reiterated a Hold rating and EUR375.00 price target on Ferrari NV (RACE:IM) (NYSE: RACE).
The analyst comments "~1% beat on both EBIT and revenue in Q1, giving 27.9% margin; FCF also ~in-line at 321m incl. 30% higher y/y investment... More
Ferrari N.V (RACE) revenue rises but falls short of consensus estimate
May 7, 2024 6:59 AM EDTFerrari N.V (NYSE: RACE) shares fell 2.6% as the luxury carmaker reported first-quarter earnings and revenue that fell short of Wall Street expectations.
The company announced an adjusted EPS of EUR 1.95, which was EUR 0.07 below the analyst estimate of EUR 2.02. Revenue for the quarter was EUR 1.59 billion, missing the consensus estimate of EUR 1.66 billion.
Despite the miss, the company's first-quarter revenue increased by 10.9% compared to the same period last year, maintaining a stable unit delivery with 3,560 vehicles shipped, mirroring... More
