Ferrari NV (RACE) delivered a stellar fourth-quarter performance, surpassing both top and bottom-line estimates, sending its U.S.-listed shares soaring more than 7% on Tuesday. The luxury automaker’s stock reached its highest level since early November, marking its best single-day gain in over a year. The bullish momentum was further fueled by enthusiastic retail traders on platforms like Stocktwits, reflecting growing confidence in the company’s financial strength and growth trajectory.
Ferrari reported adjusted earnings of €2.14 ($2.21) per diluted share for Q4, significantly exceeding the €1.90 consensus estimate and representing a sharp increase from €1.62 in the same quarter last year. Net revenue also impressed, climbing to €1.74 billion, up from €1.52 billion year-over-year and beating analysts’ expectations of €1.66 billion.
The company’s robust performance was driven by a strong product mix and rising demand for personalized vehicles, a trend highlighted by CEO Benedetto Vigna. “Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024,” Vigna stated, underscoring Ferrari’s focus on premium offerings and customer exclusivity.
Looking ahead, Ferrari (RACE) provided an optimistic outlook for 2025, forecasting adjusted diluted earnings per share of at least €8.60 and net revenues of at least €7 billion. While these figures are slightly below analysts’ projections of €8.83 per share and €7.13 billion in sales, CWEB analysts remain bullish on the company’s long-term growth potential. They note that Ferrari’s relatively low exposure to the Chinese market, compared to rivals like Mercedes-Benz Group, has shielded it from regional economic headwinds and contributed to its outperformance over the past year.
Barron’s also highlighted Ferrari’s unique positioning in the luxury automotive sector, emphasizing its ability to maintain premium pricing and strong margins despite global economic uncertainties. As the company continues to capitalize on its brand strength and innovative product lineup, CWEB analysts believe Ferrari is well-positioned to deliver sustained value for investors in the coming years.
With shares surging and bullish sentiment building, Ferrari’s Q4 results have reaffirmed its status as a standout performer in the luxury automotive industry, setting the stage for continued success in 2025 and beyond.
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