Formula One Group (FWONK) to Release Earnings on Wednesday

Formula One Group (NASDAQ:FWONK - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, May 7th. Analysts expect Formula One Group to post earnings of ($0.18) per share and revenue of $440.80 million for the quarter.

Formula One Group (NASDAQ:FWONK - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($1.45). The firm had revenue of $20.71 billion for the quarter, compared to analysts' expectations 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 1.6 %

NASDAQ FWONK traded up $1.48 during trading hours on Friday, hitting $91.40. The company's stock had a trading volume of 1,152,926 shares, compared to its average volume of 1,267,897. The company has a market capitalization of $22.78 billion, a PE ratio of 79.48 and a beta of 0.32. Formula One Group has a 52 week low of $68.43 and a 52 week high of $102.33. The company's 50-day simple moving average is $86.53 and its two-hundred day simple moving average is $88.81.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Formula One Group from $83.00 to $80.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. upped their target price on shares of Formula One Group from $96.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Morgan Stanley dropped their price target on shares of Formula One Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. StockNews.com upgraded shares of Formula One Group to a "sell" rating in a report on Tuesday, April 1st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $102.00 price objective on shares of Formula One Group in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.14.

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.