Formula One Group (NASDAQ:FWONK – Get Free Report) 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 participating in the company’s earnings conference call can do so using this link.
Formula One Group (NASDAQ:FWONK – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 Stock Performance
FWONK opened at $69.97 on Wednesday. Formula One Group has a 12 month low of $60.95 and a 12 month high of $78.58. The company has a fifty day simple moving average of $68.72 and a 200 day simple moving average of $66.35.
Analyst Ratings Changes
Check Out Our Latest Analysis on Formula One Group
Insiders Place Their Bets
In other news, major shareholder Berkshire Hathaway Inc bought 175,827 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $30.70 per share, for a total transaction of $5,397,888.90. Following the acquisition, the insider now owns 48,499,472 shares in the company, valued at $1,488,933,790.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders bought 6,321,691 shares of company stock worth $176,608,626.
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.
See Also
- Five stocks we like better than Formula One Group
- How to Use the MarketBeat Stock Screener
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Hilton Demonstrates Asset Light is Right for Investors
- ETF Screener: Uses and Step-by-Step Guide
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Formula One Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Formula One Group and related companies with MarketBeat.com's FREE daily email newsletter.
