RACE · PEAD ↑ 35

Ferrari reported Q3 2026 EPS of $2.81 on 2026-11-03, beating the $2.66 consensus by $0.15 (+5.6%).

Print-day reaction was +2.9% versus the prior close, as the market absorbed the EPS beat on the open and held the gain through the session. The overnight gap to the T+1 open added a further +0.4%, suggesting no meaningful fade in after-hours trade. The Day 1–3 drift then pulled back –3.8%, partially unwinding the initial pop and leaving a net three-day total return of +3.2%. Cumulative abnormal return of +5.5% versus SPY.US clears the PEAD long threshold; the documented drift pattern holds through the window ending 2027-01-29.