Ferrari (NYSE:RACE) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:35 AM.
Here's what investors need to know about the announcement.
Earnings
Ferrari beat estimated earnings by 15.08%, reporting an EPS of $1.45 versus an estimate of $1.26.
Revenue was up $112.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.28 which was followed by a 3.72% drop in the share price the next day.
Here's a look at Ferrari's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.05 | 1.02 | 1.20 | 1.29 |
| EPS Actual | 1.33 | 1.31 | 1.34 | 1.34 |
| Revenue Estimate | 1.11B | 1.08B | 1.25B | 1.24B |
| Revenue Actual | 1.34B | 1.24B | 1.25B | 1.22B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Ferrari management provided guidance for FY 2022, expecting earnings between $5.108 and $5.332 per share.
To track all earnings releases for Ferrari visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
