What is Seaport Res Ptn’s Estimate for FWONA Q3 Earnings?

Formula One Group (NASDAQ:FWONA) – Equities research analysts at Seaport Res Ptn lifted their Q3 2026 earnings per share (EPS) estimates for Formula One Group in a note issued to investors on Tuesday, June 10th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $0.54 for the quarter, up from their previous 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 $1.46 per share. Seaport Res Ptn also issued estimates for Formula One Group’s Q4 2026 earnings at $0.30 EPS.

Formula One Group (NASDAQ:FWONA) last issued its 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 company had revenue of $400.00 million during the quarter, compared to analyst estimates of $440.80 million.

Several other equities research analysts have also weighed in on FWONA. Wells Fargo & Company began coverage on Formula One Group in a research report on Monday, February 24th. They issued an “underweight” rating and a $83.00 target price on the stock. Susquehanna began coverage on Formula One Group in a research report on Monday, April 28th. They issued a “positive” rating and a $115.00 target price on the stock. Guggenheim reaffirmed a “buy” rating on shares of Formula One Group in a research report on Monday, March 3rd. Sanford C. Bernstein started coverage on Formula One Group in a research report on Wednesday, June 4th. They issued a “market perform” rating and a $105.00 target price on the stock. Finally, Benchmark reissued a “buy” rating and set a $102.00 price target on shares of Formula One Group in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Formula One Group presently has an average rating of “Moderate Buy” and a consensus price target of $101.25.

Formula One Group Price Performance

Shares of NASDAQ FWONA opened at $87.03 on Friday. Formula One Group has a 1-year low of $63.01 and a 1-year high of $95.33. The business’s fifty day moving average price is $83.25 and its two-hundred day moving average price is $83.94. The firm has a market capitalization of $21.71 billion, a PE ratio of 75.68 and a beta of 0.49.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the transaction, the director now owns 93,102 shares in the company, valued at $8,973,170.76. This trade represents a 51.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.97% of the company’s stock.

Hedge Funds Weigh In On Formula One Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC boosted its position in shares of Formula One Group by 2.3% in the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock valued at $9,381,000 after purchasing an additional 2,625 shares during the period. S&CO Inc. boosted its position in Formula One Group by 1.0% during the 1st quarter. S&CO Inc. now owns 67,554 shares of the company’s stock worth $5,503,000 after acquiring an additional 660 shares during the period. Bank of New York Mellon Corp boosted its position in Formula One Group by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock worth $4,835,000 after acquiring an additional 1,300 shares during the period. Strs Ohio acquired a new stake in Formula One Group during the 1st quarter worth about $2,232,000. Finally, Janney Montgomery Scott LLC boosted its position 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 worth $1,497,000 after acquiring an additional 7,811 shares during the period. Institutional investors and hedge funds own 8.38% 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.