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At the last market close, Ferrari (RACE) reached $333. 30, with a movement of -1. 14% from the previous day. This upgrade lags behind the 0. 29% daily gain in the S.
Shares of the luxury sports car maker have appreciated by 0.76% over the course of the past month, outperforming the Auto-Tires-Trucks sector’s loss of 7% and lagging the S&P 500’s gain of 2.08%.
Ferrari’s upcoming earnings will be of great interest to investors. The company’s earnings report is due on February 1, 2024. The company’s next EPS is expected to be $1. 55, representing a 25% increase over the same quarter last year. At the same time, our most recent consensus estimate calls for earnings to be $1. 61 billion, an increase of 14. 92% from the prior-year quarter.
It’s also vital to note the recent adjustments in analysts’ estimates for Ferrari. These reviews show the ever-changing nature of short-term trading trends. Therefore, the upward estimate revises analysts’ explicit positivity towards the company’s business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship to the long-term value performance of stocks. We developed the Zacks range to capitalize on this phenomenon. Our formula takes those changes into account in the estimates and provides a transparent and actionable scoring model.
The Zacks Rank system, which goes from No. 1 (strong buy) to No. 5 (strong sell), has an impressive track record of exceeding expectations, demonstrated through external audits, with the most sensible stocks yielding an average annual return of 25. %. since 1988. La Zacks consensus EPS estimate has remained stagnant over the past month. Ferrari lately has a Zacks rating of number four (Sale).
In terms of valuation, Ferrari is trading lately with an advanced P/E of 41. 45. This expresses a premium to the forward P/E of its sector of 11. 2.
Investors should also note that RACE has a PEG ratio of 2.58 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate. The Automotive – Original Equipment industry had an average PEG ratio of 0.67 as trading concluded yesterday.
The Automotive – Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don’t use Zacks. com to track those and other inventory action metrics during upcoming trading sessions.
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Ferrari N. V. (RACE): Free Stock Analysis Report
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