Liberty Media Corporation - Liberty Formula One Series C (FWONK) Expected to Release Earnings on Thursday

Key Points

• Liberty Formula One Series C is expected to report quarterly results before the market opens on November 5, with analysts forecasting $0.579 EPS and $1.25 billion in revenue.
• The company’s previous quarter fell short of expectations, reporting $0.02 EPS versus the $0.24 consensus and $934 million in revenue versus estimates of $952.78 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $115.50 price target, while the stock recently traded at $90.86.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) is projected to release its results before the market opens on Thursday, November 5th. Analysts expect Liberty Media Corporation - Liberty Formula One Series C to post earnings of $0.5790 per share and revenue of $1.25 billion for the quarter.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. On average, analysts expect Liberty Media Corporation - Liberty Formula One Series C to post $2.00 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $90.86 on Thursday. The company has a market cap of $20.38 billion, a P/E ratio of 133.62 and a beta of 0.46. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $80.15 and a one year high of $107.31. The business's 50-day simple moving average is $95.42 and its 200 day simple moving average is $91.90.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FWONK shares. Jefferies Financial Group started coverage on Liberty Media Corporation - Liberty Formula One Series C in a report on Wednesday, September 9th. They issued a "buy" rating and a $115.00 price target for the company. Susquehanna dropped their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $114.00 to $110.00 and set a "positive" rating on the stock in a research note on Friday, October 16th. Wall Street Zen cut shares of Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "strong sell" rating in a research report on Sunday, October 11th. Wells Fargo & Company decreased their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $96.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

About Liberty Media Corporation - Liberty Formula One Series C

Liberty Media Corporation's Liberty Formula One Series C tracking stock represents an economic interest in the company's Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport's international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.

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