Ferrari N.V. (BIT:RACE) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

Investors in Ferrari N.V. (BIT:RACE) had a good week, as its shares rose 3.0% to close at €352 following the release of its third-quarter results. Results overall were respectable, with statutory earnings of €2.14 per share roughly in line with what the analysts had forecast. Revenues of €1.8b came in 3.2% ahead of analyst predictions. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the most recent consensus for Ferrari from 20 analysts is for revenues of €7.73b in 2026. If met, it would imply a decent 9.1% increase on its revenue over the past 12 months. Per-share earnings are expected to step up 12% to €10.10. Yet prior to the latest earnings, the analysts had been anticipated revenues of €7.81b and earnings per share (EPS) of €10.16 in 2026. 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.

See our latest analysis for Ferrari

There were no changes to revenue or earnings estimates or the price target of €405, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Ferrari, with the most bullish analyst valuing it at €466 and the most bearish at €340 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.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Ferrari's revenue growth is expected to slow, with the forecast 7.2% annualised growth rate until the end of 2026 being well below the historical 15% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.5% per year. Even after the forecast slowdown in growth, it seems obvious that Ferrari is also expected to grow faster than 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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

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.

It might also be worth considering whether Ferrari's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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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.