Ferrari (NYSE:RACE) Updates FY 2026 Earnings Guidance

Key Points

• FY 2026 guidance was revised below sell‑side expectations: Ferrari guided to roughly €11.00 EPS versus consensus ~€11.35 and to $8.7B revenue versus consensus ~$8.9B.
• Q1 beat with strong margins and cash flow (adjusted EPS €2.33; revenues €1,848m; EBIT margin 29.7%), but the stock slipped after the report as markets focused on the slightly softer guidance and geopolitical uncertainty.
• Shareholder returns were boosted as Ferrari raised the annual dividend to $3.615 per share (ex‑div Apr 21) and disclosed additional purchases under a €250m tranche of its ~€3.5bn multi‑year buyback program.

Ferrari (NYSE:RACE - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 11.001- for the period, compared to the consensus earnings per share estimate of 11.350. The company issued revenue guidance of $8.7B-, compared to the consensus revenue estimate of $8.9 billion.

Analysts Set New Price Targets

RACE has been the subject of several analyst reports. Zacks Research upgraded shares of Ferrari from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. HSBC reiterated a "hold" rating on shares of Ferrari in a research report on Tuesday, January 13th. Morgan Stanley set a $420.00 target price on Ferrari in a research report on Monday, February 16th. Sanford C. Bernstein restated an "outperform" rating and issued a $410.00 price target on shares of Ferrari in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ferrari in a research note on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $469.06.

Ferrari Trading Down 0.7%

Shares of Ferrari stock opened at $338.74 on Tuesday. Ferrari has a 1-year low of $312.51 and a 1-year high of $519.10. The stock has a market cap of $79.25 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.23 and a beta of 0.95. The stock's 50 day simple moving average is $347.32 and its 200-day simple moving average is $366.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.70 and a quick ratio of 4.38.

Ferrari Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be issued a dividend of $3.615 per share. The ex-dividend date is Tuesday, April 21st. This represents a dividend yield of 119.0%. This is an increase from Ferrari's previous annual dividend of $3.13. Ferrari's payout ratio is 5.09%.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q1 beat with strong margins and cash flow — Ferrari reported adjusted EPS €2.33 and net revenues €1,848m; EBIT margin 29.7%, net profit €413m and industrial free cash flow €653m. Management reconfirmed 2026 guidance on the back of a healthy order book and personalization-driven mix. GlobeNewswire: Q1 Results
• Positive Sentiment: Active buyback supports shareholder returns — Ferrari disclosed additional share purchases under its €250m tranche of the multi‑year buyback program (part of a ~€3.5bn plan through 2030), which can underpin EPS and reduce float. GlobeNewswire: Buyback Report
• Neutral Sentiment: Management says geopolitical disruption limited — Ferrari and peers indicate little to no material impact from the Middle East conflict on deliveries/supply so far; company reiterated guidance while noting measures to mitigate disruption. Yahoo Finance: Q1 + Middle East
• Neutral Sentiment: EV debut looming — Street attention is focused on Ferrari’s upcoming EV(s); the Q1 beat arrives ahead of that product milestone, keeping sentiment split between long‑term upside and short‑term execution scrutiny. CNBC: Beat Ahead of EV Debut
• Negative Sentiment: FY‑2026 EPS guidance slightly below consensus — Ferrari updated FY‑2026 EPS guidance to a level below sell‑side consensus (consensus ~€11.35 vs company guidance ~€11.00 range), which likely tempered upside after the beat. (Company guidance disclosure)
• Negative Sentiment: Stock slipped despite beat — Market focus on guidance nuance and geopolitical uncertainty led to an after‑beat pullback in the share price. Barron's: Stock Slips After Earnings
• Negative Sentiment: Racing and performance headlines — Motorsport penalties and reports of the Miami package underperforming have created some near‑term reputational noise (unlikely to materially affect fundamentals but may affect sentiment). Sports Yahoo: Miami Package Concern

Institutional Investors Weigh In On Ferrari

Several institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Ferrari during the 4th quarter worth approximately $147,000. Mercer Global Advisors Inc. ADV increased its position in shares of Ferrari by 16.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,034 shares of the company's stock worth $752,000 after acquiring an additional 290 shares during the period. Beacon Pointe Advisors LLC increased its position in shares of Ferrari by 3.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 1,536 shares of the company's stock worth $568,000 after acquiring an additional 54 shares during the period. Wahed Invest LLC raised its stake in shares of Ferrari by 6.8% in the fourth quarter. Wahed Invest LLC now owns 2,384 shares of the company's stock valued at $892,000 after acquiring an additional 152 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Ferrari by 28.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,299 shares of the company's stock valued at $2,328,000 after acquiring an additional 1,406 shares in the last quarter.

About Ferrari

Ferrari N.V. NYSE: RACE is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company's core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.