Equities Analysts Offer Predictions for FWONK Q3 Earnings

Formula One Group (NASDAQ:FWONK - Free Report) - Seaport Res Ptn boosted their Q3 2025 earnings estimates for shares of Formula One Group in a research report issued to clients and investors on Thursday, February 27th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.23. Seaport Res Ptn currently has a "Hold" 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 FY2029 earnings at $1.25 EPS.

Other equities analysts also recently issued research reports about the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $102.00 price target on shares of Formula One Group in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on Formula One Group from $83.00 to $80.00 and set an "underweight" rating for the company in a research note on Friday. StockNews.com cut Formula One Group from a "hold" rating to a "sell" rating in a report on Monday, November 18th. Finally, Morgan Stanley dropped their price objective on Formula One Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $93.40.

Formula One Group Price Performance

Shares of FWONK stock traded down $2.77 during trading hours on Monday, reaching $93.66. 1,868,728 shares of the company traded hands, compared to its average volume of 1,275,988. The firm has a 50-day moving average price of $94.80 and a 200 day moving average price of $86.25. The company has a market cap of $23.29 billion, a P/E ratio of 81.44 and a beta of 0.11. Formula One Group has a 12-month low of $64.37 and a 12-month high of $102.33.

Formula One Group (NASDAQ:FWONK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share 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.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 35,463 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $71.53, for a total value of $2,536,668.39. Following the completion of the transaction, the chief executive officer now directly owns 1,240,785 shares of the company's stock, valued at approximately $88,753,351.05. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.31% of the company's stock.

Hedge Funds Weigh In On Formula One Group

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in Formula One Group by 16.9% during the third quarter. Janney Montgomery Scott LLC now owns 27,340 shares of the company's stock valued at $2,117,000 after purchasing an additional 3,958 shares during the period. Lountzis Asset Management LLC increased its position in shares of Formula One Group by 17.0% during the 3rd quarter. Lountzis Asset Management LLC now owns 5,954 shares of the company's stock valued at $461,000 after purchasing an additional 864 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Formula One Group by 3.0% during the 3rd quarter. MetLife Investment Management LLC now owns 6,946 shares of the company's stock valued at $538,000 after buying an additional 203 shares during the period. Greenwood Gearhart Inc. lifted its position in Formula One Group by 8.1% in the third quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company's stock worth $13,640,000 after buying an additional 13,146 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Formula One Group during the fourth quarter worth $827,000. Institutional investors own 92.26% of the company's stock.

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.