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In the last trading session, Ferrari (RACE) closed at $350. 53, down 0. 25% from the previous day. Inventory lagged behind the S
Shares of the luxury sports car maker fell 5% from last month, the Auto-Tires-Trucks sector functionality with a gain of 1. 59% and that of the S
The investment network will pay close attention to the monetary effects of Ferrari in its upcoming launch. The company is expected to post earnings per share of $1. 55, up 25% from the prior-year quarter. Our recent consensus maximum estimate calls for a quarterly profit of $1. 61 billion, an increase of 14. 92% from last year.
It is also vital for investors to be aware of any recent adjustments to Ferrari-related analyst estimates. Recent revisions tend to reflect the latest short-term trading trends. With this in mind, we can see the positive revisions to the estimates. as a sign of optimism about the company’s business prospects.
Our studies show that such estimate changes are related to close percentage value performance. We developed the Zacks Rank to capitalize on this phenomenon. Our formula takes these estimate changes into account and provides a transparent and actionable scoring model.
The Zacks Rank system, which goes from number one (strong buy) to number five (strong sell), has an externally audited track record of outperformance, with the number one stock generating an average annual gain of 25% since 1988. Based on the 30-day guidance, our consensus earnings per share (EPS) forecast has remained stagnant. At the moment, Ferrari has a number 1 Zacks rating (strong buy).
Digging into valuation, Ferrari currently has a Forward P/E ratio of 44.15. This denotes a premium relative to the industry’s average Forward P/E of 11.56.
Meanwhile, RACE’s PEG ratio is lately 2. 75. Comparable to the widely accepted P/E ratio, the PEG ratio takes into account the company’s projected earnings growth. The automotive original equipment sector recently had an average PEG ratio of 0. 68 at yesterday’s close.
The Automotive – Original Equipment industry is part of the Auto-Tyres-Trucks sector. Currently, this industry has a Zacks rating of 174, which puts it on the back of 31% out of more than 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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