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

Wall Street analysts expect that Liberty Media Formula One Series C (NASDAQ:FWONK) will announce earnings of ($0.02) per share for the current fiscal quarter, according to Zacks. Two analysts have provided 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 posted earnings per share of $0.18 during the same quarter last year, which would indicate a negative year over year growth rate of 111.1%. The business is scheduled to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Liberty Media Formula One Series C will report full-year earnings of ($1.00) per share for the current financial year, with EPS estimates ranging from ($1.21) to ($0.85). For the next financial year, analysts expect that the firm will post earnings of ($0.42) per share, with EPS estimates ranging from ($0.53) to ($0.26). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Liberty Media Formula One Series C.

Several equities analysts have recently weighed in on the company. ValuEngine raised Liberty Media Formula One Series C from a “buy” rating to a “strong-buy” rating in a report on Monday. Zacks Investment Research cut Liberty Media Formula One Series C from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. TheStreet raised Liberty Media Formula One Series C from a “d+” rating to a “c” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised Liberty Media Formula One Series C from a “neutral” rating to an “overweight” rating and increased their price target for the company from $38.00 to $50.00 in a report on Thursday. Finally, B. Riley raised Liberty Media Formula One Series C from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $46.00 in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $43.50.

NASDAQ FWONK opened at $40.91 on Friday. The company’s fifty day moving average price is $38.68. The company has a market cap of $9.22 billion, a PE ratio of -62.94 and a beta of 0.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.44. Liberty Media Formula One Series C has a 1-year low of $27.51 and a 1-year high of $41.47.

A number of institutional investors and hedge funds have recently modified their holdings of FWONK. Icon Wealth Partners LLC purchased a new stake in Liberty Media Formula One Series C in the first quarter worth about $28,000. Twin Tree Management LP purchased a new stake in Liberty Media Formula One Series C in the first quarter worth about $79,000. Osborn Williams & Donohoe LLC purchased a new stake in Liberty Media Formula One Series C in the first quarter worth about $93,000. Robeco Institutional Asset Management B.V. increased its position in Liberty Media Formula One Series C by 17.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 5,263 shares of the company’s stock worth $196,000 after buying an additional 779 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Liberty Media Formula One Series C in the second quarter worth about $201,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

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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