0810 GMT - Ferrari used an analyst call ahead of its earnings to say that first-quarter "profitability" would not be below the same quarter last year, Citi analysts write. Despite a high EBIT margin peak in the first quarter of 2025, and significant headwinds from lower unit sales, a drop in Daytona deliveries, currencies, and costs, Ferrari seems to have managed a higher earnings performance. "Given that these days, EPS revisions are the almost sole driver of investment sentiment, we expect investors will react positively." Citi expects that Ferrari will continue to manage its earnings headwinds through 2026. The bank rates Ferrari stock at neutral with a 320 euro target price. Shares rise 4% to 300.50 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 01, 2026 04:13 ET (08:13 GMT)
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