Ferrari N.V. (NYSE:RACE) is reporting second quarter earnings results on Monday 3rd August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.10 per share.
For the full year, analysts predict revenues of $ 4143.29 million, while looking forward to income of $ 3.48 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,750.00 million ~ $ 3,971.00 million, where as bottomline are predicted in a range of $ 2.65 ~ $ 3.42 per share
Click Here For More Historical Outlooks Of Ferrari N.V.
Previous Quarter Performance
Ferrari N.V. came out with income for the first quarter of $ 0.99 per share, from the revenue of $ 1,028.00 million. The quarterly earnings lowered 7.48 percent while revenues raised 4.07 percent compared with the same quarter last year.
Wall street analysts are predicting, RACE to report 1Q20 income of $ 0.93 per share from revenue of $ 949.08 million. The bottom line results beat street analysts by $ 0.06 or 6.45 percent, at the same time, top line results outshined analysts by $ 78.92 million or 8.32 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Ferrari N.V.
Stock Performance
According to the previous trading day, closing price of RACE was $ 181.70, representing a 42.25 % increase from the 52 week low of $ 127.73 and a 1.97 % decrease over the 52 week high of $ 185.36.
The company has a market capital of $ 44.85 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”RACE” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Conference Call
Ferrari N.V. will be hosting a conference call at 9:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ferrari.com
Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.
