Liberty Media Formula One Series C (NASDAQ:FWONK) Expected to Announce Earnings of -$0.43 Per Share

Brokerages expect that Liberty Media Formula One Series C (NASDAQ:FWONK) will report earnings of ($0.43) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Liberty Media Formula One Series C’s earnings, with the highest EPS estimate coming in at ($0.36) and the lowest estimate coming in at ($0.50). Liberty Media Formula One Series C posted earnings per share of ($0.80) in the same quarter last year, which suggests a positive year-over-year growth rate of 46.3%. The company is scheduled to report its next earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Liberty Media Formula One Series C will report full year earnings of ($1.21) per share for the current year, with EPS estimates ranging from ($1.29) to ($1.15). For the next year, analysts expect that the firm will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.59) to ($0.27). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Liberty Media Formula One Series C.

A number of analysts have issued reports on FWONK shares. JPMorgan Chase & Co. upgraded shares of Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $50.00 in a research note on Thursday, August 15th. ValuEngine cut shares of Liberty Media Formula One Series C from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of Liberty Media Formula One Series C from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $48.00.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in shares of Liberty Media Formula One Series C by 1.4% in the third quarter. Public Employees Retirement System of Ohio now owns 68,502 shares of the company’s stock valued at $2,849,000 after purchasing an additional 968 shares during the period. Point72 Asset Management L.P. boosted its stake in Liberty Media Formula One Series C by 47.5% during the third quarter. Point72 Asset Management L.P. now owns 522,594 shares of the company’s stock worth $21,735,000 after buying an additional 168,179 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Liberty Media Formula One Series C by 29.4% during the third quarter. Parametric Portfolio Associates LLC now owns 309,608 shares of the company’s stock worth $12,877,000 after buying an additional 70,360 shares in the last quarter. Stifel Financial Corp boosted its stake in Liberty Media Formula One Series C by 103.5% during the third quarter. Stifel Financial Corp now owns 45,470 shares of the company’s stock worth $1,811,000 after buying an additional 23,131 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Liberty Media Formula One Series C during the third quarter worth $11,308,000. 81.89% of the stock is currently owned by institutional investors.

NASDAQ FWONK traded down $0.71 during trading on Monday, reaching $44.38. The company’s stock had a trading volume of 1,150,445 shares, compared to its average volume of 845,346. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $10.43 billion, a PE ratio of -68.28 and a beta of 0.96. The business has a 50-day moving average price of $42.55 and a 200-day moving average price of $40.21. Liberty Media Formula One Series C has a 1-year low of $27.51 and a 1-year high of $45.72.

About Liberty Media Formula One Series C

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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