Seaport Res Ptn Has Positive Forecast for FWONK Q3 Earnings

Formula One Group (NASDAQ:FWONK) – Research analysts at Seaport Res Ptn upped their Q3 2025 earnings per share (EPS) estimates for Formula One Group in a research note issued to investors on Wednesday, May 7th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $0.36 per share for the quarter, up from their prior forecast of $0.30. 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 Q3 2026 earnings at $0.45 EPS.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company cut their price objective on Formula One Group from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. 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 report on Friday, February 28th. StockNews.com raised Formula One Group to a “sell” rating in a report on Friday, May 2nd. Susquehanna initiated coverage on shares of Formula One Group in a report on Monday, April 28th. They issued a “positive” rating and a $115.00 target price for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.14.

Formula One Group Stock Performance

FWONK opened at $95.34 on Friday. The stock has a market capitalization of $23.76 billion, a price-to-earnings ratio of 82.91 and a beta of 0.33. The company has a fifty day moving average of $86.43 and a 200 day moving average of $89.42. Formula One Group has a fifty-two week low of $68.43 and a fifty-two week high of $102.33.

Formula One Group (NASDAQ:FWONK) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $440.80 million.

Institutional Investors Weigh In On Formula One Group

Institutional investors have recently made changes to their positions in the company. GW&K Investment Management LLC purchased a new position in Formula One Group during the 1st quarter valued at $25,000. Versant Capital Management Inc boosted its stake in shares of Formula One Group by 1,378.8% during the first quarter. Versant Capital Management Inc now owns 2,159 shares of the company’s stock valued at $194,000 after purchasing an additional 2,013 shares during the period. HighPoint Advisor Group LLC grew its holdings in shares of Formula One Group by 22.3% in the first quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock worth $382,000 after purchasing an additional 779 shares during the last quarter. Allstate Corp purchased a new position in Formula One Group in the 4th quarter worth about $571,000. Finally, Praxis Investment Management Inc. lifted its holdings in Formula One Group by 10.7% during the 1st quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company’s stock valued at $888,000 after buying an additional 950 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.