Ferrari (NYSE:RACE) Releases Earnings Results, Beats Expectations By $0.10 EPS

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

NYSE:RACE traded up $17.62 on Wednesday, hitting $432.39. The stock had a trading volume of 513,831 shares, compared to its average volume of 591,339. The business’s 50-day simple moving average is $402.54 and its two-hundred day simple moving average is $369.92. The stock has a market cap of $101.16 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 3.62 and a beta of 0.89. Ferrari has a 52-week low of $312.51 and a 52-week high of $437.15. The company has a quick ratio of 3.70, a current ratio of 4.85 and a debt-to-equity ratio of 0.86.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RACE shares. Sanford C. Bernstein reissued a “buy” rating on shares of Ferrari in a research report on Tuesday, September 29th. Royal Bank Of Canada restated a “buy” rating on shares of Ferrari in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ferrari in a research report on Tuesday, September 29th. Citigroup reiterated a “neutral” rating on shares of Ferrari in a research note on Monday, August 3rd. Finally, Evercore reissued an “outperform” rating and set a $485.00 price target on shares of Ferrari in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $456.71.

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?

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.