Ferrari (NYSE:RACE) Releases FY 2026 Earnings Guidance

Ferrari (NYSE:RACE) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 11.254- for the period, compared to the consensus EPS estimate of 11.240. The company issued revenue guidance of $8.8B-, compared to the consensus revenue estimate of $8.7 billion.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RACE. Morgan Stanley upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $388.00 to $438.00 in a research note on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research report on Wednesday, July 8th. UBS Group lifted their price target on shares of Ferrari from $483.00 to $497.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wolfe Research initiated coverage on shares of Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $471.97.

Ferrari Stock Down 1.2%

Shares of NYSE RACE opened at $385.56 on Thursday. Ferrari has a 12-month low of $312.51 and a 12-month high of $505.54. The stock’s fifty day simple moving average is $363.21 and its two-hundred day simple moving average is $352.58. The stock has a market capitalization of $90.20 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.92. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.22. Ferrari had a return on equity of 42.13% and a net margin of 22.22%.Ferrari has set its FY 2026 guidance at 11.254- EPS. As a group, analysts expect that Ferrari will post 11.19 EPS for the current fiscal year.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Ferrari reported earnings per share of $3.05, above the $2.83 analyst consensus. The company also posted a 22.22% net margin and 42.13% return on equity. Ferrari quarterly results press release
• Positive Sentiment: Ferrari raised its fiscal 2026 outlook. The company now expects at least $11.254 in EPS, slightly above the approximately $11.24 consensus estimate. Management cited sustained demand for high-margin vehicle personalizations and a favorable product mix. Ferrari guidance raise announcement
• Positive Sentiment: Demand visibility remains unusually strong. Ferrari said its order book is fully covered through 2027, while deliveries of newer models increased during the second quarter. The company also reached its 2026 sales target for the Luce electric vehicle within two months of launch, supported by strong Chinese demand. Reuters report on Ferrari Luce EV demand
• Neutral Sentiment: The guidance increase was relatively small. Although the revised EPS outlook is above analyst expectations, the limited upgrade may have fallen short of investors seeking a larger raise after the earnings beat and strong order-book commentary.
• Negative Sentiment: Valuation leaves limited room for disappointment. Ferrari trades at roughly 37 times earnings and has a PEG ratio above 3, making continued high growth and execution important for supporting the share price. The stock has decreased despite the favorable operating update, suggesting investors may be taking profits or focusing on the modest size of the guidance revision.

Institutional Investors Weigh In On Ferrari

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC boosted its holdings in Ferrari by 67.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after acquiring an additional 368 shares during the period. Tidal Investments LLC purchased a new stake in shares of Ferrari in the 2nd quarter valued at approximately $288,000. PCM Encore LLC acquired a new stake in Ferrari in the fourth quarter valued at $285,000. Advisory Services Network LLC boosted its holdings in Ferrari by 11.3% in the third quarter. Advisory Services Network LLC now owns 572 shares of the company’s stock valued at $278,000 after purchasing an additional 58 shares in the last quarter. Finally, Evolve Private Wealth LLC purchased a new position in shares of Ferrari in the 4th quarter valued at $264,000.

About Ferrari

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.