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7.28066982163766E-05 -0.000218420094648716 7.28066982163766E-05 0.000364033491081262 -0.000582453585729771 -0.00192937750273015 -0.00305788132508182 -7.28066982161697E-05
Stock impact report

Ferrari's Stock Is Just Like Its Cars: A Sexy Beast [MSN Money]

Ferrari N.V. Common Shares (RACE) 
Last ferrari n.v. common shares earnings: 2/4 05:58 am Check Earnings Report
US:NYSE Investor Relations: corporate.ferrari.com/en/investors
Company Research Source: MSN Money
Auto stocks are stuck in the mud. Automakers don't have any growth. Car companies get an extreme valuation discount and have low margins. Sounds familiar, right? Maybe some (or all) of these generalizations apply to traditional automakers like Ford Motor Co. , General Motors Co. and Fiat Chrysler Automobiles . But they don't apply to Ferrari NV . On the surface, maybe the quarter didn't look amazing -- earnings of €0.78 euro beat estimates by €0.06, while revenue grew 1.2% to €831 million ($991.3 million) and slightly missed estimates. However, those earnings are up 20% year-over-year from €0.65 in Q1 2017. On the revenue front, sales actually grew 6.3% adjusted for currency fluctuations. Look at just how much the bottom line expanded vs. the top line, which shows a big widening in margins. Remember, unlike a number of stocks on investors' screens, Ferrari is not a huge beneficiary of the overhauled U.S. corporate tax code. While it did have a lower tax rate this year Show less Read more
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