Formula One Group (FWONK) Scheduled to Post Earnings on Wednesday

Formula One Group (NASDAQ:FWONK) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Formula One Group to post earnings of $0.14 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Formula One Group (NASDAQ:FWONK) last announced its earnings results on Wednesday, February 28th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 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 Price Performance

FWONK opened at $70.55 on Monday. Formula One Group has a one year low of $60.95 and a one year high of $78.58. The company’s 50 day simple moving average is $68.86 and its 200-day simple moving average is $66.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Formula One Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th.

Insider Buying and Selling

In other Formula One Group news, major shareholder Berkshire Hathaway Inc bought 20,609 shares of Formula One Group stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $29.94 per share, with a total value of $617,033.46. Following the completion of the transaction, the insider now owns 25,773,955 shares in the company, valued at approximately $771,672,212.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have acquired 6,457,501 shares of company stock valued at $179,148,132. 4.31% of the stock is owned by insiders.

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.