Ferrari Shares Hold Premium Valuation Ahead of Second Quarter Earnings

2026-07-30 companies

Maranello, Thursday, 30 July 2026.
Ferrari reports second-quarter earnings today, July 30, 2026, with analysts forecasting $2.86 EPS on $2.15 billion revenue. The luxury automaker trades at a premium 40.9x PE ratio.

Ferrari N.V. Reports Second-Quarter Earnings Today

Ferrari N.V. (NYSE: RACE / BIT: RACE) is scheduled to release its second-quarter earnings report on Thursday, July 30, 2026, before the opening bell [2]. Analysts forecast earnings per share (EPS) of $2.86 on revenue of $2.15 billion for the quarter ending June 30, 2026 [2]. As of July 30, 2026, the stock price on the Borsa Italiana is €334.50, representing a change of -1.56 from the previous day’s close of €339.80 [1][4].

Premium Valuation Metrics

The luxury automaker trades at a Price-to-Earnings (PE) ratio of 40.9x, based on earnings of €1.60 billion and a market capitalization of €65.40 billion [5]. This valuation is significantly higher than the Global Auto industry average PE ratio of 13.6x [5]. Revenue streams remain heavily concentrated in luxury sports vehicle manufacturing, accounting for 84% of net sales [1].

Management is executing a multi-year share buyback program of approximately Euro 3.5 billion, which began on January 5, 2026, and is expected to be completed by 2030 [6]. Between January 5, 2026, and July 24, 2026, the Company purchased a total of 1,612,475 common shares on the Euronext Milan and NYSE [6]. This activity supports the strategic focus on prioritizing exclusivity and scarcity over volume growth [2].

Analyst Sentiment and Technical Outlook

Institutional investor activity during Q1 2026 showed mixed sentiment, with 303 investors adding shares while 349 reduced positions [3]. Recent analyst actions throughout July 2026 have been supportive, with price targets including $497.00 from UBS and $438.00 from Morgan Stanley [3]. Technical analysis classified the stock as a “buy candidate” on July 29, 2026, despite a sell signal from the 3-month Moving Average Convergence Divergence [4].

Market Expectations and Future Trajectory

Financial projections indicate a 2026 P/E ratio of 35.2x and a 2027 P/E ratio of 31.5x, with projected net sales of €7.56 billion in 2026 [1]. The stock hit a 52-week high of 442.90€ and a 52-week low of 269.00€ prior to today’s trading [4]. Investors will closely monitor the earnings release for guidance on the company’s long-term earnings trajectory amid electrification efforts such as the “Luce” launch [2].

Sources

Automotive Industry Ferrari