BIT:RACEAuto
Ferrari (BIT:RACE) Heading Into Earnings: Net Margins 22.6%, 5-Year EPS CAGR 19.8%
Ferrari (BIT:RACE) delivered a 19.8% compound annual earnings growth rate over the past five years, with net profit margins rising to 22.6% from 22.1% last year. Although revenue is forecast to grow at 6% a year, which is faster than the Italian market’s 5.2% pace, earnings growth over the past year (11.9%) trails its impressive longer-term average, and the company’s 6.91% projected annual earnings growth is set to lag the broader market. Investors are weighing Ferrari’s reputation for steady...