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

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

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 Trading Up 4.2%

Shares of Ferrari stock traded up $17.60 during midday trading on Wednesday, reaching $432.37. 460,733 shares of the company’s stock traded hands, compared to its average volume of 591,097. The stock has a 50 day moving average of $402.54 and a 200-day moving average of $369.92. The company has a market cap of $101.15 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 3.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.70 and a current ratio of 4.85. Ferrari has a 12 month low of $312.51 and a 12 month high of $437.15.

Key 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

RACE has been the subject of several recent research reports. Barclays reissued a “buy” rating on shares of Ferrari in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrari in a research note on Tuesday, September 29th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Ferrari in a report on Tuesday, September 29th. Wolfe Research assumed coverage on shares of Ferrari in a research note on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC upgraded Ferrari to a “neutral” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.