Formula One Group (NASDAQ:FWONA - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, May 7th. Analysts expect Formula One Group to post earnings of $0.02 per share and revenue of $440.80 million for the quarter.
Formula One Group (NASDAQ:FWONA - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($1.46). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts expect Formula One Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Formula One Group Trading Up 1.8 %
Shares of FWONA stock traded up $1.46 on Friday, reaching $83.43. 68,277 shares of the stock were exchanged, compared to its average volume of 111,432. The business's 50 day moving average price is $78.81 and its 200 day moving average price is $81.35. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 72.55 and a beta of 0.39. Formula One Group has a twelve month low of $61.27 and a twelve month high of $95.33.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Formula One Group in a research note on Monday, February 24th. They set an "underweight" rating and a $83.00 target price for the company. Seaport Res Ptn raised Formula One Group from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Susquehanna initiated coverage on Formula One Group in a research report on Monday. They set a "positive" rating and a $115.00 price objective for the company. Finally, Guggenheim reaffirmed a "buy" rating on shares of Formula One Group in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.50.
Read Our Latest Stock Report on FWONA
About Formula One Group
(
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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.
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