RACE · PEAD → 13

Ferrari reported Q2 2026 EPS of €3.05 on 2026-07-30, beating the €2.83 consensus by €0.22 (+7.8%).

Print-day reaction was +3.1%, as RACE closed at 397.73 versus the prior close of 385.69, a clean gap higher on the beat. The overnight gap into T+1 open was marginal at -0.1%, signalling near-neutral sentiment after the regular-session surge. Over the following two trading sessions (T+1 through T+3), the stock drifted an additional +2.3%, sustaining the move without a full reversal. However, cumulative abnormal return of -1.3% versus SPY.US — which itself rallied +5.7% over the same window — places this in PEAD neutral territory; the drift is positive in absolute terms but underperforms the benchmark, holding the read through 2026-10-27.