On July 30, Ferrari NV rose 3.09% in regular trading, trading at 398.44 USD/share, with turnover of $176 million. The rally was driven by a strong Q2 earnings report that exceeded market expectations on all key metrics, accompanied by an upward revision to full-year guidance.
Ferrari reported Q2 revenue of 1.94 billion euros, surpassing the consensus estimate of 1.87 billion euros. Earnings per share came in at 2.62 euros, beating analyst expectations of 2.50 euros and representing a 10.1% year-over-year increase. The company raised its full-year adjusted EPS guidance to at least 9.68 euros from prior guidance of at least 9.45 euros, versus analyst estimates of 9.63-9.66 euros. Full-year net revenue guidance was lifted to approximately 7.60 billion euros from 7.50 billion euros.
The CEO confirmed no supply chain disruptions and noted multiple models including the 296 Speciale and 12Cilindri series are sold out for their entire production cycles. Personalization business and product mix optimization continue to support performance momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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