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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STRATTEC SECURITY

Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Strattec Security (STRT) or Ferrari (RACE). But which of these two stocks is more attractive to value investors?

STRT or RACE: Which Is the Better Value Stock Right Now?

SINGAPORE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MEXC, a leading cryptocurrency exchange, has launched a Ferrari Giveaway event that features a notable prize pool of 10,000,000 USDT. This initiative aims to provide users with a unique opportunity to win a Ferrari SF90 Stradale and other exclusive items while engaging with the platform. The event is open for participation until December 17, 2024, welcoming users from around the world.

MEXC introduces a Ferrari Giveaway with a 10,000,000 USDT prize pool

Ferrari's exclusivity and strong brand, bolstered by its Formula 1 success, drive high demand and pricing power, ensuring robust revenue and operating leverage. Despite a recent 10% stock dip, Ferrari's Q3 2024 results showed impressive EBITDA and FCF growth, where conservative management guidance is often exceeded. Ferrari's unique low-volume, high-margin strategy, extensive customizations, and strong client relationships ensure recurring revenue and profitability without needing high production increases.

Capitalize On Rising Global Inequality With Ferrari Stock Ownership

Maranello (Italy), November 11, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth 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 “Fifth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MEXC, a globally recognized cryptocurrency exchange, has unveiled its “Ferrari Giveaway” event, inviting users worldwide to register and participate for a chance to win prizes from a 10,000,000 USDT pool. Registration opens on November 11, 2024, at 07:00 (UTC), with the event running from November 17 to December 17, 2024. Participants can compete for multi-million dollar prizes, including the grand prize of a Ferrari SF90 Stradale.

MEXC Launches Ferrari Giveaway Event With 10 Million USDT Prize Pool

Denver, Colorado, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Phoenix Capital Group CEO Adam Ferrari recently shared significant milestones from the company's Williston Basin drilling operations in North Dakota's Bakken Formation. After releasing impressive production numbers from the company's Nate Pad in early October, Ferrari announced the successful completion of five 3-mile horizontal wells on both the Daniele and Axel Ferrari pads. Phoenix is now managing 37 gross operated wells, with 32 currently in production, marking the rise of the 5-year-old company as a top producer in the basin.

Phoenix Capital Group CEO Adam Ferrari Announces Continued Production Growth in the Williston Basin

DALLAS, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Adam Ferrari, CEO of Phoenix Capital Group , announced a $2,000 sponsorship in collaboration with The West Point Society of North Texas to advance STEM education and mental health resources within the region. This sponsorship reflects Ferrari's dedication to supporting impactful community programs that align with Phoenix Capital Group's mission of giving back through education and well-being initiatives.

Adam Ferrari and Phoenix Capital Group Sponsor STEM and Mental Health Initiatives with West Point Society of North Texas

Ferrari posted higher sales and earnings in the third quarter and said it was more confident that it would hit its annual guidance, racing ahead of other car makers that are grappling with weakening sales amid a slower-than-expected shift to electric vehicles and challenges in China.

Ferrari Defies Wider Auto Industry Malaise With Higher Sales, Earnings

Ferrari N.V. (NYSE:RACE ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Conference Call Participants Thomas Besson - Kepler Cheuvreux John Murphy - Bank of America Merrill Lynch George Galliers - Goldman Sachs Adam Jonas - Morgan Stanley Monica Bosio - Intesa SanPaolo Michael Binetti - Evercore Tom Narayan - RBC Henning Cosman - Barclays Stephen Reitman - Bernstein Anthony Dick - ODDO BHF Michael Tyndall - HSBC Daniel Schwarz - Stifel Operator Good day and thank you for standing by.

Ferrari N.V. (RACE) Q3 2024 Earnings Call Transcript

Ferrari's Q3 report shows a deliberate 2.2% decrease in shipments, while revenues increased by 6.5% and EPS rose by 14.3% to EUR 2.08. The company's strategy focuses on exclusivity and high-margin personalization, with a significant order book extending into 2026 and the sold-out F80 model. Ferrari's 2024 guidance is conservative, with expected revenues above EUR 6.55B and industrial FCF potentially reaching EUR 1B, setting up a strong FY2025.

Ferrari Q3 Earnings: Lower Shipments Is Great News

Ferrari (RACE) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $1.98 per share a year ago.

Ferrari (RACE) Q3 Earnings and Revenues Beat Estimates

Ferrari (NYSE:RACE) shares went into reverse on Tuesday, having hit an all-time high two months ago as the sportscar manufacturer reported a decline in shipments but backed its full-year outlook.  The Italian group posted third-quarter results showing net revenues of €1.6 billion, up 6.5%, with total shipments down 2.2% to 3,383.

Ferrari reverses from all-time high as investors take profits

Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.

Ferrari reiterates guidance as China deliveries fall sharply

The sports car manufacturer is less dependent on the Chinese market than other sellers of luxury goods.

Ferrari Stock Is Falling After Earnings Met Wall Street's Expectations

Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in vehicle shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation.

Ferrari's core profit rose 7% in Q3 supported by product mix, personalisations

“The third quarter once again shows growing results for Ferrari, driven by a strong product mix and increased personalizations" said Benedetto Vigna, CEO of Ferrari. "It confirms our commitment to deliver on the promises we made at our Capital Markets Day in 2022, along with the exceptional order book visibility well into 2026, continuous product innovation – as evidenced by the F80 supercar just unveiled – and process innovation, with the strengthening of our in-house electrification expertise. The shutdown of the Maranello gas-fueled trigeneration plant, ahead of target, also marks a further step towards our 2030 carbon neutrality goal”.

CONTINUOUS EARNINGS GROWTH AND EVEN MORE CONFIDENCE IN THE FULL YEAR GUIDANCE

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Strattec Security (STRT) and Ferrari (RACE). But which of these two stocks is more attractive to value investors?

STRT vs. RACE: Which Stock Is the Better Value Option?

Ferrari (RACE) stock price has done well this year, rising by 40%, and making it one of the best-performing players in the automobile industry. It rallied to a record high of $497.68 on September 3, bringing its valuation to almost $90 billion.

Ferrari stock forms a dangerous pattern ahead of earnings

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AI Chip Leader, Ferrari Headline Next Earnings Wave, But These Risks Loom

The Zacks Consensus Estimate for RACE's third-quarter earnings and revenues is pegged at $2.11 per share and $1.80 billion, respectively.

Ferrari Gears Up to Report Q3 Earnings: Here's What to Expect

Ferrari (RACE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ferrari (RACE) Earnings Expected to Grow: Should You Buy?

Maranello (Italy), 23 October 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” o la “Società”) is pleased to announce the multi-year renewal of its partnership with Shell, signed today. This agreement, which will take effect on 1 January 2026, encompasses Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series.

FERRARI AND SHELL RENEW THEIR PARTNERSHIP

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.

Will Ferrari (RACE) Beat Estimates Again in Its Next Earnings Report?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

News for Ferrari Stock (RACE)