News

Ferrari slides despite improved earnings

Discussion in 'Ferrari Discussion (not model specific)' started by rocketman, Aug 2, 2019.

  1. To remove this ad click here.

  2. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    11,064
    South East
    Full Name:
    Jimmie
    One of the interesting points is that V12 sales were down on the quarter

    Analysts call transcript to be released later today may contain other interesting details

    Stradale still scheduled for H1/20

    No model breakdown given
     
  3. energy88

    energy88 F1 World Champ
    Silver Subscribed

    Jan 21, 2012
    15,265
    Fredericksburg, VA & Sarasota, FL
    Full Name:
    John
  4. maximilien

    maximilien Formula Junior

    Apr 27, 2005
    575
    Capitale of Europe
    Full Name:
    Massimo
    Analysts no sens
     
  5. I'm 360 Canuck

    I'm 360 Canuck Formula 3

    Nov 21, 2015
    1,887
    Ontario, The Real One in Canada
    Full Name:
    Lars!
    China, tariffs, blah,blah,blah....
     
  6. To remove this ad click here.

  7. Parnelli

    Parnelli Formula Junior
    Silver Subscribed

    Aug 30, 2013
    839
    Milwaukee, WI
    Full Name:
    Greg P
    The stock pulled back because it was way ahead of itself going into the earnings release .
    Shares were up 60% year to date going into the earnings release. And the shares trade at almost 40 times this year‘s earnings and 35 times next year‘s earnings (vs 17 times for the S&P 500 for example).
    When a stock trades wilh that crazy high of a multiple it needs to beat the earnings consensus number by a considerable margin.
    Ferrari, as well as some other luxury good manufacturers, tend to trade at significant market multiple premiums. But at 40 times it just got ahead of itself.
    Still is a great company. But great companies can easily watch their share price decline if the multiple gets too high and earnings expectations aren’t beat.
     
  8. crinoid

    crinoid F1 Veteran
    Silver Subscribed

    Apr 2, 2005
    7,964
    Full Name:
    LaCrinoid
    When will Ferrari become private again?
     
  9. anunakki

    anunakki Five Time F1 World Champ
    Rossa Subscribed Owner

    Oct 8, 2005
    55,018
    Las Vegas Nevada
    Full Name:
    Jerry
    Maybe you guys dont watch the market, but everything slide. We lost 200 ES pts in a few days. That doesnt happen very often
     
  10. Parnelli

    Parnelli Formula Junior
    Silver Subscribed

    Aug 30, 2013
    839
    Milwaukee, WI
    Full Name:
    Greg P
    I watch it VERY closely. Have been a professional investor for 28 years :).
     
    anunakki likes this.
  11. To remove this ad click here.

  12. anunakki

    anunakki Five Time F1 World Champ
    Rossa Subscribed Owner

    Oct 8, 2005
    55,018
    Las Vegas Nevada
    Full Name:
    Jerry
    Then you are aware of whats happened recently and that RACE sliding has more to do with the market in general than its earning.
     
  13. rob lay

    rob lay Administrator
    Staff Member Admin Social Subscribed Miami 2018 Owner

    Dec 1, 2000
    51,777
    Southlake, TX
    Full Name:
    Rob Lay
    RACE has been sliding since July 16th, the market since August 1st.
     
    BOKE likes this.
  14. anunakki

    anunakki Five Time F1 World Champ
    Rossa Subscribed Owner

    Oct 8, 2005
    55,018
    Las Vegas Nevada
    Full Name:
    Jerry
    Not quite accurate but not going to argue.
     
  15. rob lay

    rob lay Administrator
    Staff Member Admin Social Subscribed Miami 2018 Owner

    Dec 1, 2000
    51,777
    Southlake, TX
    Full Name:
    Rob Lay
    BOKE likes this.
  16. Parnelli

    Parnelli Formula Junior
    Silver Subscribed

    Aug 30, 2013
    839
    Milwaukee, WI
    Full Name:
    Greg P
    Rob is absolutely correct! But, gee, why let actual "facts" get in the way of a good story :)
     
    BOKE likes this.

Share This Page