Liberty Media Corporation – Liberty Formula One Series C (FWONK) Expected to Post Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) is expected to release its results before the market opens on Thursday, November 5th. Analysts expect Liberty Media Corporation – Liberty Formula One Series C to post earnings of $0.5740 per share and revenue of $1.24 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. On average, analysts expect Liberty Media Corporation – Liberty Formula One Series C to post $2.00 EPS for the current fiscal year and $2.30 EPS for the next fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $94.45 on Tuesday. The stock’s 50-day moving average is $94.73 and its 200-day moving average is $91.94. The company has a market cap of $21.19 billion, a P/E ratio of 133.62 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $107.31.

Wall Street Analyst Weigh In

FWONK has been the subject of several recent analyst reports. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Jefferies Financial Group assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, September 9th. They set a “buy” rating and a $115.00 price target for the company. Finally, Guggenheim upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.50.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.