Seaport Res Ptn Issues Positive Forecast for FWONK Earnings

Formula One Group (NASDAQ:FWONK) – Investment analysts at Seaport Res Ptn boosted their Q3 2026 earnings estimates for Formula One Group in a research note issued 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 prior estimate 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 $1.36 per share. Seaport Res Ptn also issued estimates for Formula One Group’s Q4 2026 earnings at $0.30 EPS.

Formula One Group (NASDAQ:FWONK) last issued its 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 company had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $440.80 million.

A number of other brokerages have also recently weighed in on FWONK. Morgan Stanley dropped their price objective on shares of 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. Susquehanna started coverage on shares of Formula One Group in a research note on Monday, April 28th. They set a “positive” rating and a $115.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of 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. Rosenblatt Securities raised their price objective on shares of Formula One Group from $102.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein raised shares of Formula One Group to a “hold” rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Formula One Group has a consensus rating of “Hold” and an average target price of $100.83.

Formula One Group Trading Down 0.7%

Shares of Formula One Group stock opened at $96.72 on Friday. Formula One Group has a 12-month low of $70.31 and a 12-month high of $102.33. The stock has a market cap of $24.13 billion, a PE ratio of 84.11 and a beta of 0.42. The company has a 50-day moving average of $91.33 and a two-hundred day moving average of $91.93.

Insider Activity at Formula One Group

In related news, Director Chase Carey sold 50,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the completion of the sale, the director now owns 93,102 shares of the company’s stock, valued at $8,807,449.20. This represents a 34.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hahn Capital Management LLC grew its position in Formula One Group by 47.7% in the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company’s stock worth $6,226,000 after purchasing an additional 21,699 shares during the last quarter. Greenwood Gearhart Inc. boosted its holdings in shares of Formula One Group by 2.7% in the fourth quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company’s stock valued at $16,764,000 after acquiring an additional 4,761 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 acquiring an additional 4,897 shares in the last quarter. Allstate Corp bought a new position in shares of Formula One Group in the fourth quarter valued at approximately $571,000. Finally, California State Teachers Retirement System boosted its holdings in shares of 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 acquiring an additional 6,297 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.