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Ferrari (RACE) closed the recent trading day’s high at $338. 43, up 0. 44% from the last trading session. Inventory has exceeded S
Prior to today’s session, the luxury sports car maker’s shares had lost 6. 13% in the past month. This lagged behind the 3. 74% gain in the car and truck tire sector and the 5. 24% gain in the S
The investment network will pay close attention to Ferrari’s monetary effects in its next post. In this report, analysts expect Ferrari to post a profit of $1. 55 consistent with the stock. This would constitute a 25% year-on-year expansion. At the same time, our most recent consensus estimate calls for a cash inflow of $1. 61 billion, an increase of 14. 92% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.05 per share and a revenue of $6.35 billion, representing changes of +31.53% and +18.37%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ferrari. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential.
Empirical indicates that these revisions to estimates have a direct correlation with the closing functionality of stock prices. To exploit this, we created the Zacks range, a quantitative style that includes those adjustments in the estimation and presents a workable scoring system.
The Zacks Rank system, which goes from No. 1 (Strong Buy) to No. 5 (Hard Sell), has an admirable track record of independently audited impressive performance, with No. 1 stocks contributing an average annual return of 25% since 1988. Last month, the Zacks consensus EPS estimate remained stagnant. At the moment, Ferrari has a Zacks rating of number 2 (Buy).
Given its valuation, Ferrari has a P/E ratio of 47. 77. This represents a premium to its industry’s forward P/E of 14. 04.
It’s also worth noting that RACE currently has a PEG ratio of 2. 98. The PEG ratio corresponds to the widely used P/E ratio, but this metric also takes into account the expected growth rate of the company’s earnings. At the end of yesterday’s session, the Automotive – OE sector had an average PEG ratio of 0. 65.
The automotive and original equipment industry belongs to the automotive and truck tire sector. With its current Zacks industry rank of 144, this industry ranks at the back of 43% of all industries, with over 250.
The Zacks Industry Rank assesses the strength of our various industry teams by calculating the average Zacks Rank of the individual stocks that make up the teams. Our studies show that the top 50% of industries outperform the bottom by a ratio of 2 to 1. .
Be sure to use Zacks. com to monitor all those metrics that influence the stock, and much more, in the upcoming trading sessions.
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Ferrari N. V. (RACE): Free Stock Analysis Report
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