Earnings results for Ferrari NV (NYSE:RACE)

Ferrari N.V. is expected* to report earnings on 05/04/2020 before market open. The report will be for the fiscal Quarter ending Mar 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.88. The reported EPS for the same quarter last year was $1.08.

Ferrari last announced its quarterly earnings data on February 4th, 2020. The reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.12. The company earned $927 million during the quarter, compared to analyst estimates of $917.77 million. Ferrari has generated $4.16 earnings per share over the last year and currently has a price-to-earnings ratio of 37.5. Ferrari has confirmed that its next quarterly earnings report will be published on Monday, May 4th, 2020.

Analyst Opinion on Ferrari NV (NYSE:RACE)

10 Wall Street analysts have issued ratings and price targets for Ferrari in the last 12 months. Their average twelve-month price target is $183.34, suggesting that the stock has a possible upside of 17.26%. The high price target for RACE is $225.00 and the low price target for RACE is $143.04. There are currently 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Ferrari has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $183.34, Ferrari has a potential upside of 17.3% from its current price of $156.35. Ferrari has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Ferrari NV (NYSE:RACE)

Ferrari does not currently pay a dividend. Ferrari has only been increasing its dividend for 3 years. Based on earnings estimates, Ferrari will have a dividend payout ratio of 28.21 % next year. This indicates that Ferrari will be able to sustain or increase its dividend.

Insiders buying/selling: Ferrari NV (NYSE:RACE)

In the past three months, Ferrari insiders have not sold or bought any company stock. 35.91% of the stock of Ferrari is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Ferrari NV (NYSE:RACE

Earnings for Ferrari are expected to grow by 37.54% in the coming year, from $3.17 to $4.36 per share. The P/E ratio of Ferrari is 37.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.63. The P/E ratio of Ferrari is 37.49, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 12.68. Ferrari has a PEG Ratio of 5.19. PEG Ratios above 1 indicate that a company could be overvalued. Ferrari has a P/B Ratio of 17.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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