Recap: Ferrari Q4 Earnings

Ferrari RACE reported its Q4 earnings results on Wednesday, February 2, 2022 at 06:35 AM.

Here's what investors need to know about the announcement.

Ferrari beat estimated earnings by 26.67%, reporting an EPS of $1.33 versus an estimate of $1.05, which surprised analysts.

Revenue was up $66.00 million from the same period last year.

Last quarter the company beat on EPS by $0.29, which was followed by a 2.76% increase in the share price the next day.

Here's a look at Ferrari's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	1.02	1.20	1.29	1.27
EPS Actual	1.31	1.34	1.34	1.20
Revenue Estimate	1.08B	1.25B	1.24B	1.26B
Revenue Actual	1.24B	1.25B	1.22B	1.27B

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).

Ferrari management provided guidance for their next quarter, expecting earnings between $5.2 and $5.43 per share for the next quarter.

This represents a 299.62% in quarter-over-quarter growth for Ferrari, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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