For its third fiscal quarter (ending September 30), Ferrari NV (NYSE: RACE) has reported a 39% increase in E.P.S. from $1.81 a year ago to $2.51 in the current quarter. For the latest four quarters through September 30, E.P.S. were $9.10 compared to $7.23 a year ago — an increase of 26%.
Recent Price Action
On 11/5/24, Ferrari NV (NYSE: RACE) stock suffered a large decline of -7.4%, closing at $441.00. Moreover, trading volume in this decline was exceptionally high at 517% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.1% during the last week.
Current PriceTarget Research Rating
RACE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ferrari has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ferrari has a very low Appreciation Score of 14 but a slightly positive Power Rating of 65, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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