Formula One Group (FWONA) Scheduled to Post Earnings on Wednesday

Posted by Thomas Dobrow on May 1st, 2024

Formula One Group (NASDAQ:FWONA – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Formula One Group (NASDAQ:FWONA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.39). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

Formula One Group Stock Performance

Shares of FWONA opened at $62.27 on Wednesday. The business’s fifty day moving average price is $61.35 and its 200 day moving average price is $59.60. Formula One Group has a 12-month low of $55.08 and a 12-month high of $69.48.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $73.00 price objective on shares of Formula One Group in a research note on Tuesday, April 2nd.

View Our Latest Stock Analysis on Formula One Group

Insider Buying and Selling at Formula One Group

In related news, major shareholder Berkshire Hathaway Inc bought 219,303 shares of the business’s stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the purchase, the insider now owns 35,182,219 shares of the company’s stock, valued at approximately $860,557,076.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 6,145,864 shares of company stock worth $171,210,738.

About Formula One Group

(Get Free Report)

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.