Case Study

Ferrari

Our long idea on Ferrari generated more than 7% sector relative returns for clients when the Italian luxury carmaker beat market forecasts

On 7th May 2019, Ferrari shares rose as much as 5.7% following the results after the Italian luxury carmaker reported profits that beat market forecasts. The company reported a 14 percent rise in first-quarter core earnings, driven by strong sales of it’s Portofino model and increased shipments in all regions, with management reaffirming full year guidance. Using our primary research methods to crowd-source insights from independent Ferrari dealerships globally, Woozle was able to verify stronger than expected global demand and sales trends for new models and special editions at premium prices which suggested a strong possibility of an earnings beat in the lead up to the official announcement.

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Ferrari - Woozle Research