Liberty Media Corporation – Liberty Formula One Series C (FWONK) Set to Release Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) is expected to be releasing its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.5610 per share and revenue of $1.24 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data 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 firm 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 Trading Up 1.2%

NASDAQ FWONK opened at $95.56 on Wednesday. The company’s fifty day simple moving average is $94.51 and its 200-day simple moving average is $91.97. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $107.31. The stock has a market cap of $21.44 billion, a P/E ratio of 138.90 and a beta of 0.46.

Analysts Set New Price Targets

Several research firms recently issued reports on FWONK. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a research note on Sunday, October 11th. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 29th. Jefferies Financial Group began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.