Seaport Res Ptn Has Positive Outlook for FWONK Q2 Earnings

Formula One Group (NASDAQ:FWONK) – Seaport Res Ptn boosted their Q2 2025 earnings per share (EPS) estimates for Formula One Group in a research note issued on Wednesday, May 7th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.52 per share for the quarter, up from their prior estimate of $0.38. Seaport Res Ptn currently 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 2025 earnings at $0.24 EPS, FY2025 earnings at $1.20 EPS, Q1 2026 earnings at ($0.42) EPS, Q2 2026 earnings at $0.61 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $0.92 EPS.

Formula One Group (NASDAQ:FWONK) last announced its quarterly 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 business had revenue of $447.00 million during the quarter, compared to analyst estimates of $440.80 million.

FWONK has been the subject of a number of other research reports. Wells Fargo & Company reduced their price objective on Formula One Group from $83.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. Susquehanna started coverage on Formula One Group in a research note on Monday, April 28th. They set a “positive” rating and a $115.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $102.00 price target on shares of Formula One Group in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price target on Formula One Group from $96.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Finally, Morgan Stanley cut their price target on Formula One Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Formula One Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.14.

Formula One Group Trading Up 2.5%

Shares of NASDAQ FWONK opened at $96.48 on Monday. Formula One Group has a twelve month low of $69.09 and a twelve month high of $102.33. The stock has a 50 day moving average of $86.44 and a two-hundred day moving average of $89.59. The stock has a market cap of $21.52 billion, a P/E ratio of 83.90 and a beta of 0.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FWONK. Russell Investments Group Ltd. raised its position in Formula One Group by 22.7% in the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after acquiring an additional 23,809 shares in the last quarter. Hahn Capital Management LLC raised its position in Formula One Group by 47.7% in the fourth quarter. Hahn Capital Management LLC now owns 67,197 shares of the company’s stock worth $6,226,000 after acquiring an additional 21,699 shares in the last quarter. California State Teachers Retirement System grew its holdings in Formula One Group by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company’s stock valued at $32,518,000 after purchasing an additional 6,297 shares during the last quarter. Allstate Corp acquired a new stake in Formula One Group in the fourth quarter valued at $571,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Formula One Group by 1.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock valued at $37,529,000 after purchasing an additional 4,897 shares during the last quarter. Hedge funds and other institutional investors own 92.26% 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.