Porsche shares drop 7% on concerns about 2026 earnings estimates
12/01/2026 15:35
Jan 12 (Reuters) - Shares in Porsche P911_p.DE fell over 7% on Monday on concerns that current estimates for the luxury carmaker's results may be too high, driven by factors such as weaker volumes, currency headwinds and margins on electric vehicles. Traders cited comments from broker Oddo saying 2026 consensus forecasts looked elevated after a meeting with the company's finance chief, though free cash flow was still expected to remain strong. Porsche was the biggest faller on the pan-European STOXX 600 .STOXX index. (Reporting by Danilo Masoni, editing by Alun John) ((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))