Equities Analysts Set Expectations for FWONA Q3 Earnings

Formula One Group (NASDAQ:FWONA - Free Report) - Investment analysts at Seaport Res Ptn upped their Q3 2025 earnings per share estimates for Formula One Group in a note issued to investors on Thursday, February 27th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of $0.30 for the quarter, up from their prior 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 $1.46 per share. Seaport Res Ptn also issued estimates for Formula One Group's FY2029 earnings at $1.25 EPS.

Formula One Group (NASDAQ:FWONA - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of $0.43 by ($1.46). The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.37 billion.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company initiated coverage on Formula One Group in a report on Monday, February 24th. They set an "underweight" rating and a $83.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $81.00 price objective on shares of Formula One Group in a research report on Thursday, November 14th.

Remove Ads

Formula One Group Trading Down 0.9 %

Shares of FWONA stock traded down $0.79 during trading hours on Monday, hitting $85.27. 125,214 shares of the company were exchanged, compared to its average volume of 110,556. Formula One Group has a 52 week low of $57.43 and a 52 week high of $95.33. The business has a 50 day moving average of $87.01 and a two-hundred day moving average of $79.40. The company has a market capitalization of $21.21 billion, a PE ratio of 74.15 and a beta of 0.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of Formula One Group by 67.2% during the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock worth $56,000 after purchasing an additional 266 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Formula One Group by 25.6% during the fourth quarter. FNY Investment Advisers LLC now owns 779 shares of the company's stock worth $65,000 after buying an additional 159 shares during the last quarter. Lountzis Asset Management LLC bought a new stake in Formula One Group during the third quarter worth $220,000. Finally, Integrated Wealth Concepts LLC lifted its stake in Formula One Group by 4.2% in the third quarter. Integrated Wealth Concepts LLC now owns 7,462 shares of the company's stock valued at $534,000 after acquiring an additional 300 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory B. Maffei sold 35,463 shares of Formula One Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $71.53, for a total value of $2,536,668.39. Following the sale, the chief executive officer now owns 1,240,785 shares of the company's stock, valued at approximately $88,753,351.05. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.83% of the stock is currently owned by corporate insiders.

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.