Formula One Group (NASDAQ:FWONA - Free Report) - Equities researchers at Seaport Res Ptn lifted their Q2 2025 earnings per share estimates for shares of Formula One Group in a report released on Wednesday, May 7th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.52 per share for the quarter, up from their previous forecast of $0.38. Seaport Res Ptn currently has a "Strong-Buy" 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 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.
A number of other research firms have also recently commented on FWONA. Susquehanna started coverage on Formula One Group in a research report on Monday, April 28th. They set a "positive" rating and a $115.00 price objective for the company. Wells Fargo & Company started coverage on Formula One Group in a research note on Monday, February 24th. They set an "underweight" rating and a $83.00 target price on the stock. Finally, Guggenheim reiterated a "buy" rating on shares of Formula One Group in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Formula One Group has a consensus rating of "Moderate Buy" and an average price target of $90.50.
Get Our Latest Stock Analysis on FWONA
Formula One Group Stock Up 2.7%
FWONA traded up $2.31 during midday trading on Monday, hitting $88.53. 85,770 shares of the company traded hands, compared to its average volume of 112,492. The firm has a market capitalization of $22.07 billion, a PE ratio of 76.98 and a beta of 0.40. The company's 50-day moving average is $78.68 and its 200 day moving average is $81.94. Formula One Group has a 52 week low of $61.52 and a 52 week high of $95.33.
Formula One Group (NASDAQ:FWONA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $400.00 million during the quarter, compared to analysts' expectations of $440.80 million.
Institutional Investors Weigh In On Formula One Group
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Formula One Group by 28.9% during the 1st quarter. Russell Investments Group Ltd. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 191 shares in the last quarter. S&CO Inc. lifted its holdings in shares of Formula One Group by 1.0% during the first quarter. S&CO Inc. now owns 67,554 shares of the company's stock worth $5,503,000 after purchasing an additional 660 shares during the period. Bank of New York Mellon Corp increased its holdings in Formula One Group by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after buying an additional 1,300 shares during the period. Janney Montgomery Scott LLC lifted its stake in Formula One Group by 74.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock valued at $1,497,000 after acquiring an additional 7,811 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in shares of Formula One Group by 25.6% in the fourth quarter. FNY Investment Advisers LLC now owns 779 shares of the company's stock worth $65,000 after acquiring an additional 159 shares during the period. 8.38% of the stock is currently owned by institutional investors and hedge funds.
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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