Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Posts Earnings Results, Misses Expectations By $0.13 EPS

by · The Cerbat Gem

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.13), Zacks reports. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.2%

NASDAQ FWONK traded down $0.19 on Friday, reaching $106.33. 3,445,435 shares of the stock traded hands, compared to its average volume of 2,341,325. The firm’s fifty day simple moving average is $94.54 and its 200 day simple moving average is $92.18. The company has a market cap of $23.85 billion, a price-to-earnings ratio of 138.90 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $108.35.

Analyst Ratings Changes

Several analysts recently commented on FWONK shares. UBS Group raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Susquehanna reduced their price target on Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating for the company in a research report on Friday, October 16th. Zacks Research cut 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. Jefferies Financial Group started 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 on the stock. Finally, Wall Street Zen cut 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. Six 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 stock has an average rating of “Moderate Buy” and an average price target of $117.62.

View Our Latest Stock Report on Liberty Media Corporation – Liberty Formula One Series C

About Liberty Media Corporation – Liberty Formula One Series C

(Get Free Report)

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.

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