Brokers Offer Predictions for FWONK Q1 Earnings

Formula One Group (NASDAQ:FWONK - Free Report) - Stock analysts at Seaport Res Ptn issued their Q1 2026 earnings per share (EPS) estimates for shares of Formula One Group in a research report issued on Sunday, March 16th. Seaport Res Ptn analyst D. Joyce forecasts that the company will post earnings of ($0.15) per share for the quarter. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Formula One Group's current full-year earnings is $1.36 per share. Seaport Res Ptn also issued estimates for Formula One Group's Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.41 EPS and Q4 2026 earnings at ($0.08) EPS.

Formula One Group (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($1.45). The company had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $1.37 billion.

Several other research firms have also recently issued reports on FWONK. Rosenblatt Securities reiterated a "buy" rating and issued a $102.00 price objective on shares of Formula One Group in a report on Friday, March 7th. Wells Fargo & Company lowered their target price on Formula One Group from $83.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. Morgan Stanley lowered their target price on Formula One Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their target price on Formula One Group from $96.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Formula One Group presently has a consensus rating of "Moderate Buy" and an average target price of $95.33.

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Formula One Group Price Performance

FWONK stock traded down $1.19 during trading on Tuesday, hitting $85.88. The stock had a trading volume of 1,792,781 shares, compared to its average volume of 1,171,815. Formula One Group has a twelve month low of $64.37 and a twelve month high of $102.33. The stock has a market capitalization of $21.41 billion, a P/E ratio of 74.68 and a beta of 0.13. The company's 50-day moving average price is $93.22 and its two-hundred day moving average price is $87.19.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MetLife Investment Management LLC raised its position in Formula One Group by 3.0% in the third quarter. MetLife Investment Management LLC now owns 6,946 shares of the company's stock valued at $538,000 after purchasing an additional 203 shares during the period. Allstate Corp purchased a new stake in Formula One Group in the fourth quarter valued at approximately $571,000. Everence Capital Management Inc. purchased a new stake in Formula One Group in the fourth quarter valued at approximately $827,000. Janney Montgomery Scott LLC raised its position in Formula One Group by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company's stock valued at $2,560,000 after purchasing an additional 287 shares during the period. Finally, Hahn Capital Management LLC raised its position in Formula One Group by 47.7% in the fourth quarter. Hahn Capital Management LLC now owns 67,197 shares of the company's stock valued at $6,226,000 after purchasing an additional 21,699 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Formula One Group Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.