Q1 Earnings Forecast for FWONK Issued By Seaport Res Ptn

Formula One Group (NASDAQ:FWONK) – Equities research analysts at Seaport Res Ptn issued their Q1 2026 earnings estimates for Formula One Group in a research note issued on Sunday, March 16th. Seaport Res Ptn analyst D. Joyce forecasts that the company will earn ($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.

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

Other equities analysts also recently issued reports about the stock. 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 research note on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and issued a $102.00 price target on shares of Formula One Group in a research note on Friday, March 7th. Wells Fargo & Company decreased their price target on shares of Formula One Group from $83.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley decreased their price target on shares of Formula One Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.33.

Formula One Group Price Performance

Shares of FWONK opened at $88.28 on Tuesday. The company’s 50-day moving average is $93.45 and its 200-day moving average is $87.14. Formula One Group has a fifty-two week low of $64.37 and a fifty-two week high of $102.33. The firm has a market capitalization of $22.00 billion, a PE ratio of 76.77 and a beta of 0.13.

Institutional Investors Weigh In On Formula One Group

Large investors have recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in Formula One Group during the fourth quarter worth about $827,000. Hahn Capital Management LLC grew its stake 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 buying an additional 21,699 shares in the last quarter. Greenwood Gearhart Inc. grew its stake 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 buying an additional 13,146 shares in the last quarter. Janney Montgomery Scott LLC grew its stake 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 buying an additional 287 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake 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 buying an additional 203 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

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.