RACE Earnings Prediction
The chart below shows how RACE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RACE sees a -2.13% change in stock price 10 days leading up to the earnings, and a +3.50% change 10 days following the report. On the earnings day itself, the stock moves by +1.45%. This data can give you a slight idea of what to expect for the next quarter's release.
RACE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.64B
6.50%
-3.95%
Gross Margin
49.70%
0.28%
-0.54%
Operating Margin
28.24%
3.37%
-5.04%
Net Margin
22.80%
6.15%
-5.55%
EPS
2.08
14.29%
-9.17%
No Data Available
RACE Earnings Analysis
Ferrari N.V. Corporation (RACE.N) Earnings Conference Call
Positive
Strong Revenue Performance: Revenues reached EUR 1.6 billion, up 7% versus the previous year, demonstrating strong financial performance.
EBIT Growth and Margin: EBIT was approximately EUR 470 million, reflecting a double-digit growth in profitability with an EBIT margin of 28.4%.
Net Profit Achievement: Net profit reached EUR 375 million, showcasing remarkable net profitability and solid execution.
Strong Cash Generation: Industrial free cash flow generation exceeded EUR 360 million, indicating strong cash generation capabilities.
Order Book Evolution: The order book evolved as expected, with the new 12-cylinder Spider guiding the order intake, providing remarkable rolling visibility well into 2026.
Negative
Revenue Growth with Decline in Shipments: Revenue growth of 7% to EUR 1.6 billion was noted, but this was accompanied by a decline in shipments compared to the previous year.
EBIT Margin Decline: The adjusted EBIT margin was reported at 28.4%, but this was lower than expected due to a decline in the product mix and lower internal shipments.
Order Book Decline: The order book showed a decrease in units shipped, indicating potential challenges in meeting demand in the upcoming quarters.
SG&A Expense Increase: There was a noted increase in SG&A expenses, which grew at a rate faster than revenue, indicating potential inefficiencies in cost management.
Currency Impact on Profitability: The company faced negative currency impacts amounting to EUR 8 million, which could affect overall profitability.
RACE FAQs
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RACE Earning Call Sentiment
Ferrari N.V. (RACE) Q3 2024 Earnings Call Transcript
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RACE.N
-0.01%Positive
The earnings call highlights strong financial performance with increased revenues and EBIT, robust cash flow, and successful share repurchases. The positive sentiment is reinforced by upgraded 2024 guidance and strategic product development. Despite some short-term challenges like ERP transition and carbon neutrality investments, the overall outlook remains favorable. The Q&A confirms strong demand, particularly in China, and management's focus on quality revenue. The positive mix and personalization, alongside strategic launches, suggest a positive stock price movement in the short term.