07:15 AM EDT, 10/09/2025 (MT Newswires) -- Ferrari (RACE) raised its 2025 adjusted earnings per share target to be at least 8.80 euros ($10.23) from its earlier view of 8.60 euros.

The forecast is still shy of the consensus among analysts on FactSet for 8.85 euros a share. Ferrari's shares were sliding early Thursday after the automaker also said at its capital markets day event that it was cutting its sales guidance for electric vehicles.

Ferrari revised its revenue guidance for this year to at least 7.1 billion euros, up from the earlier outlook for 7 billion euros. Analysts at FactSet estimate 2025 revenue at 7.07 billion euros.

By 2030, Ferrari is targeting adjusted EPS of at least 11.50 euros a share, while the consensus on FactSet is for 12.30 euros. It sees net revenue of about 9.0 billion euros, with a compounded annual growth rate of around 5%. The Street consensus is for 9.81 billion euros by the end of 2030.

The company also said it's planning to raise its dividend payout to 40% of adjusted net profit starting from its 2025 annual results, bringing a dividend distribution of about 3.5 billion euros from 2027 to 2031. Ferrari will also repurchase 3.5 billion in shares from 2026 to 2030.