Ferrari (NYSE:RACE) Posts Earnings Results, Beats Estimates By $0.10 EPS

Ferrari (NYSE:RACE) released its earnings results on Tuesday. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.10, FiscalAI reports. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 EPS.

Here are the key takeaways from Ferrari’s conference call:

• Ferrari raised its full-year guidance after a strong Q3, with revenue of approximately €1.9 billion, EBIT above €560 million, and industrial free cash flow exceeding €565 million.
• Strong product mix and personalization drove results, with personalization exceeding 21% of car and spare-parts revenue; demand remains healthy across geographies and the order book extends into 2028.
• Shipments were deliberately moderated during the model changeover, while the 849 Testarossa, 296 Speciale, Amalfi, and Purosangue ramped up. Management expects Q4 deliveries to improve year over year as more models reach global distribution.
• The new Luce model is generating significant demand, with all planned 2027 deliveries allocated and first customer deliveries expected in Q4 2026; its debut auction also achieved a record $40 million.
• Foreign exchange remained a material headwind, with full-year impact expected at roughly €150 million–€200 million, while higher depreciation, marketing, events, and Formula 1-related costs are expected to weigh on Q4.

Ferrari Price Performance

Shares of RACE stock traded up $17.31 during trading hours on Wednesday, reaching $432.08. The company had a trading volume of 484,336 shares, compared to its average volume of 591,284. Ferrari has a 12-month low of $312.51 and a 12-month high of $437.15. The company has a market capitalization of $101.08 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 3.62 and a beta of 0.89. The stock has a fifty day moving average of $402.54 and a 200-day moving average of $369.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.70 and a current ratio of 4.85.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari reported Q3 EPS of $2.76, above the $2.66 consensus, while revenue rose 7.4% year over year to $2.15 billion. The company also raised its 2026 guidance, citing stronger-than-expected personalization demand, lower currency headwinds and a more profitable model mix. Ferrari raises 2026 guidance after Q3 earnings beat
• Positive Sentiment: Demand visibility remains strong: Ferrari’s order book extends into 2028, and personalizations now account for more than 21% of car and spare-parts revenue. That mix can support profitability without relying on higher shipment volumes. Ferrari: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Ferrari said its first electric model, the Luce, is sold out for 2027 before customer test drives begin, an early indication of demand for the new offering. Ferrari says Luce EV sold out for 2027
• Neutral Sentiment: Quarterly vehicle shipments dipped slightly to 3,368, even as higher-value models and customization helped lift results. This highlights Ferrari’s ability to grow profit despite modestly lower deliveries, but volume remains a factor to watch. Ferrari nudges up full-year forecasts after beating consensus in Q3
• Negative Sentiment: Recent coverage raised questions about possible friction between Lewis Hamilton and Charles Leclerc. Any impact on race results or the team’s performance is uncertain, but the issue could draw investor attention given Ferrari cited its F1 position among factors supporting its outlook. Are Leclerc and Hamilton’s clashing mentalities costing Ferrari race wins?

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RACE. UBS Group dropped their price target on Ferrari from $490.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Sanford C. Bernstein reiterated a “buy” rating on shares of Ferrari in a research report on Tuesday, September 29th. Evercore reissued an “outperform” rating and set a $485.00 target price on shares of Ferrari in a research note on Friday, July 31st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Ferrari in a report on Tuesday, September 29th. Finally, Weiss Ratings raised shares of Ferrari from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $456.71.

About Ferrari

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its vehicle portfolio includes grand touring models, mid- and rear-engine sports cars, limited-edition special series and high-performance supercars. Ferrari also offers extensive personalization options, allowing customers to tailor vehicle specifications, materials and finishes.

The company traces its origins to 1939, when Enzo Ferrari established Auto Avio Costruzioni, and it produced its first Ferrari-badged car in 1947.