Q1 Earnings Forecast for FWONK Issued By Seaport Res Ptn

Formula One Group (NASDAQ:FWONK) – Equities researchers at Seaport Res Ptn issued their Q1 2026 EPS estimates for Formula One Group in a research report issued on Sunday, March 16th. Seaport Res Ptn analyst D. Joyce expects that the company will post earnings of ($0.15) per share for the quarter. 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 Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.41 EPS and Q4 2026 earnings at ($0.08) EPS.

FWONK has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Formula One Group from $96.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Morgan Stanley reduced their price target on shares of Formula One Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Wells Fargo & Company reduced 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 report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $102.00 price target on shares of Formula One Group in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.33.

Formula One Group Stock Performance

Shares of NASDAQ FWONK opened at $88.28 on Tuesday. The stock has a market cap of $22.00 billion, a P/E ratio of 76.77 and a beta of 0.13. The firm has a 50 day moving average price of $93.45 and a 200 day moving average price of $87.14. Formula One Group has a 52-week low of $64.37 and a 52-week high of $102.33.

Formula One Group (NASDAQ:FWONK) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($1.45). The company had revenue of $20.71 billion for the quarter, compared to analysts’ expectations of $1.37 billion.

Institutional Trading of Formula One Group

Institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. bought a new stake in Formula One Group during the fourth quarter worth $827,000. Hahn Capital Management LLC raised its position in Formula One Group by 47.7% during 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. Greenwood Gearhart Inc. raised its position in Formula One Group by 8.1% during the third quarter. Greenwood Gearhart Inc. now owns 176,160 shares of the company’s stock worth $13,640,000 after acquiring an additional 13,146 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Formula One Group by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,627 shares of the company’s stock worth $2,560,000 after acquiring an additional 287 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in Formula One Group by 3.0% during the third quarter. MetLife Investment Management LLC now owns 6,946 shares of the company’s stock worth $538,000 after acquiring an additional 203 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

Formula One Group Company Profile

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.