Q2 EPS Forecast for Formula One Group Increased by Analyst

Formula One Group (NASDAQ:FWONK - Free Report) - Investment analysts at Seaport Res Ptn boosted their Q2 2025 earnings estimates for Formula One Group in a research note issued on Wednesday, May 7th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of $0.52 for the quarter, up from their prior estimate of $0.38. Seaport Res Ptn 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 Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $1.20 EPS, Q1 2026 earnings at ($0.42) EPS, Q2 2026 earnings at $0.61 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $0.92 EPS.

Several other equities analysts have also commented on FWONK. StockNews.com raised shares of Formula One Group to a "sell" rating in a report on Monday. Morgan Stanley decreased their target price on shares of Formula One Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Susquehanna began coverage on shares of Formula One Group in a report on Monday, April 28th. They issued a "positive" rating and a $115.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Formula One Group from $96.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company decreased their price target on shares of Formula One Group from $83.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.14.

Formula One Group Price Performance

Formula One Group stock traded up $0.19 during midday trading on Monday, hitting $96.90. The company's stock had a trading volume of 86,111 shares, compared to its average volume of 1,253,972. Formula One Group has a 1-year low of $69.87 and a 1-year high of $102.33. The company has a 50-day moving average price of $86.91 and a two-hundred day moving average price of $89.81. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 84.26 and a beta of 0.33.

Formula One Group (NASDAQ:FWONK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.23. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $440.80 million.

Insiders Place Their Bets

In other news, Director Chase Carey sold 50,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director now owns 93,102 shares in the company, valued at approximately $8,807,449.20. The trade was a 34.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.31% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in shares of Formula One Group by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company's stock valued at $2,560,000 after acquiring an additional 287 shares during the period. Hahn Capital Management LLC raised its holdings in Formula One Group by 47.7% during the fourth quarter. Hahn Capital Management LLC now owns 67,197 shares of the company's stock worth $6,226,000 after buying an additional 21,699 shares during the last quarter. Allstate Corp acquired a new position in Formula One Group during the fourth quarter worth $571,000. Greenwood Gearhart Inc. raised its holdings in Formula One Group by 2.7% during the fourth quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock worth $16,764,000 after buying an additional 4,761 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Formula One Group by 1.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after buying an additional 4,897 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company's stock.

About Formula One Group

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.