How does RACE's earnings growth compare to industry peers?

Ferrari's (RACE) earnings growth is relatively strong compared to its industry peers within the Automobiles sector, despite lower net income growth than Toyota Motor (TM) and higher revenue-based market capitalization competitors like Tesla (TSLA). 1. **Net Income Growth**: - Ferrari's net income grew by 22.85%, which is a positive indicator of financial performance. - Toyota Motor showed a significantly higher net income growth of 43.22%, suggesting a more robust earnings increase. - In contrast, Tesla experienced a substantial decline in net income, with a -70.64% growth rate, indicating significant challenges. - General Motors (GM) reported a -244.13% net income growth, which is the lowest among the listed companies and suggests severe earnings deterioration. 2. **Market Capitalization**: - Ferrari has a market capitalization of $76.83 billion, which is smaller than Toyota Motor's $234.51 billion but larger than Honda Motor's $42.15 billion and General Motors' $46.45 billion. - Tesla, with a market cap of $847.71 billion, is significantly larger than the other companies in the Automobiles sector, reflecting its dominant position in the electric vehicle market. 3. **Comparison with Peers**: - Ferrari's net income growth of 22.85% is higher than General Motors' -244.13% growth rate, indicating a much better financial performance for Ferrari compared to GM. - However, Tesla's -70.64% growth rate and General Motors' -244.13% growth rate show that both companies are facing significant challenges, with Tesla's decline being more severe. - Toyota Motor's 43.22% growth rate stands out as the highest among the listed companies, demonstrating a strong earnings performance. In conclusion, Ferrari's earnings growth is positive but relatively modest compared to Toyota Motor, with Tesla and General Motors experiencing significant declines and challenges. Ferrari's market position and earnings growth rate make it a competitive player within the Automobiles sector, but it faces stiff competition from larger rivals like Tesla and Toyota Motor. |code|Ticker|Name|Date|Net Income YoY|market_code| |---|---|---|---|---|---| |RACE|RACE.N|Ferrari|20240331|17.743109529467834|169| |TSLA|TSLA.O|Tesla|20240331|-54.9428909019299|185| |HMC|HMC.N|Honda Motor|20240331|119.87518444785601|169| |GM|GM.N|general motors|20240331|25.873827791986358|169| |TM|TM.N|Toyota Motor|20240331|64.35798226341983|169| |RACE|RACE.N|Ferrari|20240630|21.224081282469612|169| |TSLA|TSLA.O|Tesla|20240630|-42.846212700841626|185| |HMC|HMC.N|Honda Motor|20240630|27.910968004403564|169| |GM|GM.N|general motors|20240630|14.758675708017552|169| |TM|TM.N|Toyota Motor|20240630|177.24028028853616|169|