• Ferrari NV RACE.MI reported quarterly adjusted earnings of €2.14​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of €1.62. The mean expectation of eleven analysts for the quarter was for earnings of €1.85 per share. Wall Street expected results to range from €1.87 to €2.20 per share.

• Revenue rose 12.4% to €1.74 billion from a year ago; analysts expected €1.65 billion.

• Ferrari NV's reported EPS for the quarter was €2.08​.

• The company reported quarterly net income of €386 million.

• Ferrari NV shares had risen by 1.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

Wall Street's median 12-month price target for Ferrari NV is $502.00

This summary was machine generated from LSEG data February 4 at 12:40 p.m. UTC. ​All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)