Ferrari's earnings call highlighted strong financial results, successful new product launches, and significant progress in personalization and carbon neutrality. However, there were challenges in China and a sequential decline in mix gains. The ERP transition also impacted shipments, but the overall outlook remains positive with a robust order book and successful high-demand products.

Company Guidance

In the Ferrari Q3 2024 earnings call, the company reported robust financial performance, with revenues reaching EUR 1.6 billion, a 7% increase compared to the previous year. The company achieved a double-digit growth in profitability with an EBIT of approximately EUR 470 million and an EBIT margin of 28.4%, driven by a strong product mix and sustained personalization trends. Net profit stood at EUR 375 million, and the industrial free cash flow generation exceeded EUR 360 million. The guidance for 2024 remains confident across all metrics, underpinned by the successful launch of the F80 supercar and strong order intake for the new 12Cilindri Coupe Spider, which provides visibility into 2026. The ongoing electrification journey was highlighted with significant technological advancements, as Ferrari continues to internalize core components for its hybrid and future electric vehicles.

Strong Financial Performance

Ferrari reported revenues of EUR 1.6 billion, up 7% year-over-year, with a double-digit growth in profitability. EBIT was approximately EUR 470 million, and the EBIT margin was 28.4%.

Successful Launch of the F80

The F80, a new supercar with a combined maximum power of 1,200 horsepower, was unveiled. All 799 units have been fully allocated to collectors, marking a key milestone in Ferrari's electrification journey.

Increased Personalization

Personalization accounted for approximately 20% of total revenues from cars and spare parts, significantly supported by the Purosangue and the Daytona SP3.

Advancement in Carbon Neutrality

Ferrari switched off its cogeneration plant in Maranello earlier than planned, reducing Scope 1 and Scope 2 CO2 emissions annually by 60% compared to 2021.

Robust Order Book

The order book has evolved positively, with significant demand for the new 12Cilindri Coupe Spider and strong visibility into 2026.

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Ferrari (RACE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RACE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 01, 2018	2018 (Q2)	- / 0.87	0.742	16.67% (+0.12)	―	―
Nov 05, 2018	2018 (Q3)	- / 0.79	0.763	4.05% (+0.03)	―	―
Jan 31, 2019	2018 (Q4)	- / 1.03	0.732	40.85% (+0.30)	―	―
May 07, 2019	2019 (Q1)	- / 0.98	0.804	21.79% (+0.18)	―	―
Aug 02, 2019	2019 (Q2)	- / 0.99	0.866	14.29% (+0.12)	―	―
Nov 04, 2019	2019 (Q3)	- / 0.93	0.793	16.88% (+0.13)	―	―
Feb 04, 2020	2019 (Q4)	- / 0.93	1.03	-10.00% (-0.10)	―	―
May 04, 2020	2020 (Q1)	- / 0.93	0.979	-5.26% (-0.05)	―	―
Aug 03, 2020	2020 (Q2)	- / 0.04	0.989	-95.83% (-0.95)	―	―
Nov 03, 2020	2020 (Q3)	- / 0.95	0.927	2.22% (+0.02)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RACE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2024	$476.05	$441.00	-7.36%
Aug 01, 2024	$413.01	$421.62	+2.08%
May 07, 2024	$427.66	$401.00	-6.23%
Feb 01, 2024	$343.71	$386.96	+12.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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