Ferrari

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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Ferrari (RACE) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.45 per share a year ago.

Ferrari (RACE) Q2 Earnings and Revenues Surpass Estimates

Ferrari has greatly extended its options lists, offering its customers a huge range of choices in paint finishes, interior materials and other details.

Ferrari raises guidance after profit jumps as more customers personalize their sports cars

The Italian luxury car maker beat earnings expectations in the second quarter and raised its full-year outlook as demand remained robust.

Ferrari Beats Earnings Estimates, Hikes Guidance. Why the Stock Is Reversing.

Luxury sports car maker Ferrari on Wednesday raised its forecasts for its full-year revenue and core earnings by a modest amount, after better results in the second quarter, supported by a "very strong" order book.

Ferrari nudges up full-year forecasts after improved results in second quarter

FERRARI UPGRADES 2023 GUIDANCE ON EXCEPTIONAL Q2 2023 RESULTS AND BUSINESS OUTLOOK Maranello (Italy), August 2, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2023: Net revenues of Euro 1,474 million, up 14.1% versus prior year, with total shipments of 3,392 units substantially flat versus Q2 2022, in line with plans for the year Adjusted EBITDA of Euro 589 million, up 31.9% versus prior year Adjusted EBIT of Euro 437 million, up 35.4% versus prior year Adjusted EBITDA margin of 40.0% and Adjusted EBIT margin of 29.7% in the quarter Adjusted net profit of Euro 334 million and adjusted diluted EPS at Euro 1.83 Industrial free cash flow generation of Euro 138 million “The second quarter ended with exceptional financial results, highlighting strong margins.

Ferrari Upgrades 2023 Guidance on Exceptional Q2 2023 Results and Business Outlook

LAS VEGAS--(BUSINESS WIRE)--Z Capital Group, L.L.C. (“ZCG”), a leading privately held merchant bank and team partner of the Scuderia Ferrari Formula 1 Team, announced today that tickets for its ZCG/Scuderia Ferrari Formula 1 Team Partner- Race Weekend Room & Party Package are officially on sale for the inaugural FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2023, taking place November 16-18, 2023. The event will be hosted at Silver Sevens Hotel & Casino, a casino hotel of Affinity Inte.

ZCG, Official Scuderia Ferrari Formula 1 Team Partner, Announces Events for Upcoming Las Vegas Grand Prix Hosted at Silver Sevens Hotel & Casino

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Maranello, Italy 14 July 2023 - Ferrari N.V. (NYSE/EXM: RACE) (Ferrari or the Company) hereby announces the final results of its invitation to eligible holders (subject to the offer restrictions referred to in the Tender Offer Memorandum (as defined below)) of the Company's outstanding €650,000,000 1.500 per cent. Notes due 27 May 2025 (ISIN: XS2180509999) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer).

FERRARI N.V. ANNOUNCES FINAL RESULTS OF THE CASH TENDER OFFER ON EURO NOTES

Maranello, Italy 14 July 2023 - Ferrari N.V. (NYSE/EXM: RACE) (Ferrari or the Company) hereby announces, on a non-binding basis, the indicative results of its invitation to eligible holders (subject to the offer restrictions referred to in the Tender Offer Memorandum (as defined below)) of the Company's outstanding €650,000,000 1.500 per cent.

FERRARI N.V. ANNOUNCES INDICATIVE RESULTS OF THE CASH TENDER OFFER ON EURO NOTES

Ferrari has unveiled two new limited models, with the entire production already sold out. We anticipate a 2025 EBITDA growth of 3-5% with additional revenue for €900 million. The company decided to anticipate a bond repayment. Luxury upside to price in, and we also expect higher 2023 guidance. Our buy rating is confirmed.

Ferrari: Outlook Appears To Be Conservative

There is limited room for Ferrari (NYSE:RACE) to deliver a surprise when it hands down its upcoming second quarter results on Wednesday, August 2 due to rising market expectations, analysts at UBS believe. “With the shares up 50% year to date (outperforming luxury by 26% and the autos sector by 29%) and 2Q well flagged as being the strongest quarter of the year, we are mindful that investor expectations have risen and a guidance upgrade is already priced in,” the analysts wrote in a note to clients.

Ferrari investor expectations high ahead of 2Q earnings leaving limited room for surprise

Ferrari (RACE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Ferrari (RACE) Could Beat Earnings Estimates Again

Does Ferrari (RACE) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Ferrari (RACE) a Strong Momentum Stock: Buy Now?

Maranello, Italy 6 July 2023 - Ferrari N.V. (NYSE/EXM: RACE) (Ferrari or the Company) announces an invitation to eligible holders (subject to the offer restrictions referred to below) of the Company's outstanding €650,000,000 1.500 per cent. Notes due 27 May 2025 (ISIN: XS2180509999) (the Notes) to tender their Notes for purchase by the Company for cash up to an aggregate nominal amount of €175,000,000 (the Maximum Acceptance Amount) (the Offer).

Ferrari N.V. Announces Cash Tender Offer on Euro Notes Issued by Ferrari N.V.

Maranello (Italy), July 3, 2023 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2023 will be released on Wednesday, August 2, 2023.

FERRARI TO ANNOUNCE SECOND QUARTER 2023 FINANCIAL RESULTS ON AUGUST 2

Luxury sports automaker Ferrari on Thursday unveiled two new plug-in hybrid models, produced in limited series and hitting the top end of the its price range.

Ferrari launches two hybrid models in limited series based on SF90 supercar

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Ferrari and Campbell Soup—Surprisingly—Show How to Win in This Market

Ferrari will start a third tranche of its share buyback program for up to 200 million euros ($219.26 million), the Italian luxury sportscar maker said on Tuesday.

Ferrari to launch third buyback tranche for up to $219 million

Maranello (Italy),  June 27, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on December 1, 2022, as the second tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Second Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

Ferrari N.v.: Completion of the Second Tranche and Announcement of the Third Tranche of the Multi-Year Share Repurchase Program

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News for Ferrari Stock (RACE)