RACE Stock: 2.47% Increase This Week Explained

By Amit Chowdhry ● Feb 3, 2023
  • The stock price of Ferrari NV (NYSE: RACE) increased by 2.47% this past week. This is why.

The stock price of Ferrari NV (NYSE: RACE) increased by 2.47% this past week.

Why: Q4 results

Results: Ferrari reported a Q4 EPS of  €1.21, which was €0.04 lower than estimates of €1.25. And the revenue for the quarter was €1.37 billion compared to a consensus of €1.35 billion.

Plus, the total FY 2021 shipments were 13,221 units, which was up 18.5% compared to the full year 2021.