Ferrari N.V. (BIT:RACE) Just Released Its Half-Year Earnings: Here's What Analysts Think

It's been a sad week for Ferrari N.V. (BIT:RACE), who've watched their investment drop 14% to €379 in the week since the company reported its interim result. It was a credible result overall, with revenues of €3.6b and statutory earnings per share of €4.68 both in line with analyst estimates, showing that Ferrari is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Ferrari after the latest results.

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Taking into account the latest results, the current consensus from Ferrari's 19 analysts is for revenues of €7.12b in 2025. This would reflect a satisfactory 2.3% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be €8.89, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of €7.17b and earnings per share (EPS) of €8.95 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Ferrari

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €443. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Ferrari, with the most bullish analyst valuing it at €548 and the most bearish at €360 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Ferrari's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 4.6% growth on an annualised basis. This is compared to a historical growth rate of 15% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.9% annually. Factoring in the forecast slowdown in growth, it looks like Ferrari is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at €443, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Ferrari going out to 2027, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 1 warning sign for Ferrari you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.