Brokerages Anticipate Liberty Media Formula One Series C (NASDAQ:FWONK) to Announce -$0.02 Earnings Per Share

Brokerages predict that Liberty Media Formula One Series C (NASDAQ:FWONK) will announce earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Liberty Media Formula One Series C’s earnings. The lowest EPS estimate is ($0.24) and the highest is $0.14. Liberty Media Formula One Series C reported earnings of $0.18 per share during the same quarter last year, which would indicate a negative year over year growth rate of 111.1%. The business is expected to announce its next earnings results on Thursday, August 8th.

On average, analysts expect that Liberty Media Formula One Series C will report full-year earnings of ($0.92) per share for the current year, with EPS estimates ranging from ($1.05) to ($0.85). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.53) to ($0.30). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Liberty Media Formula One Series C.

Liberty Media Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.13). The firm had revenue of $246.00 million during the quarter, compared to analyst estimates of $216.27 million. Liberty Media Formula One Series C had a negative return on equity of 1.25% and a negative net margin of 14.34%.

FWONK has been the subject of a number of recent analyst reports. TheStreet raised Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a research report on Friday, May 17th. B. Riley raised Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.00 to $46.00 in a research report on Thursday, May 16th. Finally, Zacks Investment Research cut Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Liberty Media Formula One Series C currently has a consensus rating of “Hold” and a consensus price target of $41.33.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Liberty Media Formula One Series C by 1.0% in the first quarter. Janus Henderson Group PLC now owns 10,326,284 shares of the company’s stock valued at $361,936,000 after buying an additional 100,477 shares during the period. FMR LLC increased its holdings in Liberty Media Formula One Series C by 0.4% during the 1st quarter. FMR LLC now owns 10,089,049 shares of the company’s stock valued at $353,621,000 after purchasing an additional 44,357 shares during the period. BlackRock Inc. increased its holdings in Liberty Media Formula One Series C by 1.0% during the 1st quarter. BlackRock Inc. now owns 9,607,291 shares of the company’s stock valued at $336,735,000 after purchasing an additional 91,744 shares during the period. OZ Management LP increased its holdings in Liberty Media Formula One Series C by 31.6% during the 1st quarter. OZ Management LP now owns 4,868,887 shares of the company’s stock valued at $170,654,000 after purchasing an additional 1,170,434 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in Liberty Media Formula One Series C by 0.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,431,590 shares of the company’s stock valued at $90,966,000 after purchasing an additional 14,591 shares during the period. 91.08% of the stock is owned by institutional investors.

Liberty Media Formula One Series C stock traded down $0.01 during trading hours on Friday, reaching $41.07. 1,123,320 shares of the company were exchanged, compared to its average volume of 656,558. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of -63.18 and a beta of 0.98. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $38.35. Liberty Media Formula One Series C has a 12 month low of $27.51 and a 12 month high of $41.47.

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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