|Bid||212.86 x 800|
|Ask||212.84 x 800|
|Day's range||212.34 - 217.18|
|52-week range||176.03 - 233.66|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||51.37|
|Earnings date||31 Jan 2018 - 05 Feb 2018|
|Forward dividend & yield||1.04 (0.48%)|
|Ex-dividend date||19 Apr 2021|
|1y target est||231.52|
Ferrari (RACE) delivered earnings and revenue surprises of 12.61% and -4.33%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
MILAN (Reuters) -Ferrari, the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its lead in the market for high performance cars, its chairman said on Monday. The European Union last month proposed an effective ban on the sale of new petrol and diesel cars from 2035 as part of its measures to combat global warming, posing a challenge to automakers that have made powerful engines a key selling point. But Ferrari Chairman and acting CEO John Elkann told analysts on Monday the company known for its 'Prancing Horse' logo saw the change in technology as an opportunity.
CONTINUING STRONG MOMENTUM ACROSS ALL REGIONS Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2021. Second quarter results can be summarized as follows: Total shipments of 2,685 units, almost doubled versus prior year and up 0.5% versus Q2 2019 Net revenues of Euro 1,035 million, nearly doubled versus prior year and up 5.2% versus Q2 2019EBITDA of Euro 386 million, tripled versus