Preview: Ferrari's Earnings
Portfolio Pulse from Benzinga Insights
Ferrari (NYSE:RACE) is expected to report an EPS of $1.62 in its upcoming quarterly earnings on February 1, 2024. Investors are looking for an earnings beat and positive guidance for future growth. In the past, Ferrari has exceeded EPS estimates, leading to share price increases. Shares are currently trading at $349.41, with a 32.24% increase over the last 52 weeks.
January 31, 2024 | 8:02 pm
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Ferrari is anticipated to report a quarterly EPS of $1.62, with investors looking for a beat and positive future guidance. Past EPS beats have led to share price increases. Shares have risen 32.24% over the past year.
Given Ferrari's history of exceeding EPS estimates and the subsequent positive impact on its share price, there is a reasonable expectation that a similar outcome could occur if the company beats the EPS estimate again. The stock has performed well over the past year, which may contribute to investor optimism. However, the actual impact will depend on whether the earnings beat expectations and the nature of the guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100