Equities Analysts Offer Predictions for FWONK Q3 Earnings

Formula One Group (NASDAQ:FWONK) – Equities research analysts at Seaport Res Ptn increased their Q3 2026 EPS estimates for Formula One Group in a report released on Tuesday, June 10th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.45. 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 2026 earnings at $0.30 EPS.

Formula One Group (NASDAQ:FWONK) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.23. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $440.80 million.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Formula One Group from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Wells Fargo & Company decreased their price target on shares of Formula One Group from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. Rosenblatt Securities increased their price target on shares of Formula One Group from $102.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Sanford C. Bernstein raised shares of Formula One Group to a “hold” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Formula One Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $100.83.

Formula One Group Price Performance

NASDAQ:FWONK opened at $96.72 on Friday. Formula One Group has a 1-year low of $70.31 and a 1-year high of $102.33. The company has a 50-day moving average of $90.99 and a 200 day moving average of $91.84. The firm has a market cap of $24.13 billion, a PE ratio of 84.11 and a beta of 0.42.

Institutional Trading of Formula One Group

A number of hedge funds and other institutional investors have recently modified their holdings of FWONK. Hahn Capital Management LLC grew its position in Formula One Group by 47.7% in the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company’s stock valued at $6,226,000 after acquiring an additional 21,699 shares in the last quarter. Allstate Corp purchased a new position in shares of Formula One Group in the 4th quarter valued at about $571,000. Greenwood Gearhart Inc. boosted its stake in shares of Formula One Group by 2.7% in the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company’s stock valued at $16,764,000 after buying an additional 4,761 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Formula One Group by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock valued at $37,529,000 after buying an additional 4,897 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Formula One Group by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company’s stock valued at $32,518,000 after buying an additional 6,297 shares during the period. 92.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Formula One Group news, Director Chase Carey sold 50,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was 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. This trade represents a 34.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.31% 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.