Ferrari (NYSE:RACE) Full Year 2024 Results

Key Financial Results

• Revenue: €6.68b (up 12% from FY 2023).
• Net income: €1.52b (up 22% from FY 2023).
• Profit margin: 23% (up from 21% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €8.47 (up from €6.91 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ferrari EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%.

The primary driver behind last 12 months revenue was the United States of America segment contributing a total revenue of €1.92b (29% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to €894.1m (49% of total expenses). Explore how RACE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Ferrari that you need to take into consideration.

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