Liberty Media Corporation - Liberty Formula One Series A (FWONA) Expected to Release Earnings on Thursday

Key Points

• FWONA is expected to report earnings before Thursday’s market open, with analysts forecasting $0.579 per share in earnings and $1.24 billion in revenue.
• The company’s previous quarter fell short of expectations, reporting $0.02 EPS versus the $0.24 consensus estimate and revenue of $934 million versus $954.37 million expected.
• Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating and a consensus price target of $114.67, compared with a recent price of $83.88.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) is expected to be posting its results before the market opens on Thursday, November 5th. Analysts expect Liberty Media Corporation - Liberty Formula One Series A to announce earnings of $0.5790 per share and revenue of $1.24 billion for the quarter.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

Liberty Media Corporation - Liberty Formula One Series A Stock Up 2.3%

NASDAQ:FWONA opened at $83.88 on Thursday. Liberty Media Corporation - Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $98.79. The firm has a market capitalization of $21.01 billion, a P/E ratio of 123.35 and a beta of 0.53. The stock's fifty day simple moving average is $87.59 and its 200-day simple moving average is $84.35.

Analysts Set New Price Targets

Several equities analysts have weighed in on FWONA shares. Guggenheim increased their target price on Liberty Media Corporation - Liberty Formula One Series A from $116.00 to $124.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Citizens Jmp restated a "market outperform" rating and set a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, July 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, September 21st. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $114.67.

About Liberty Media Corporation - Liberty Formula One Series A

Liberty Media Corporation's Liberty Formula One Series A common stock represents an economic interest in the company's Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.

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