Equity Profile

FWONK

Formula One Group

Communication ServicesMovies & Entertainment$26.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ3-2024Pre-Market9:00 AM EDT

Company Snapshot

Formula One Group (FWONK) is a leading global motorsport and entertainment company, primarily known for organizing the Formula One World Championship. As part of the Communication Services sector, it plays a significant role in the entertainment landscape, particularly in the growing interest in live sports and events.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

-$0.02

Revenue

Revenue figures provide insight into the company's sales performance and overall growth trajectory.

$670M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FWONK Q3-2024 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+48.38%

Avg Stock Reaction

-0.73%

Last Quarter Recap

In Q2 2024, Formula One Group reported an EPS of $0.08, significantly missing the estimate of $0.32, which led to a 5.12% decline in stock price the following day. The company continues to face challenges in meeting market expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about the upcoming earnings report, with expectations for a slight improvement in EPS and revenue compared to last quarter. However, the company has a history of missing earnings estimates.

Bull Case

If the company can exceed EPS expectations and show strong revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

On the flip side, continued misses on earnings and revenue could lead to further declines in stock price, reflecting ongoing operational challenges.

Key Metrics to Watch

Earnings Per Share (EPS)

-$0.02

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$670M

Revenue figures provide insight into the company's sales performance and overall growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of -$0.02?

A positive EPS surprise could indicate a recovery in profitability and improve market sentiment.

What revenue figures will the company report relative to the $670M consensus?

Revenue performance is crucial for assessing growth potential and overall business health.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for a revenue rebound due to increased global interest in Formula One events, particularly in new markets.

Supporting Evidence

The company's historical performance shows a pattern of unexpected revenue spikes during high-profile races.

Recent trends in sports viewership suggest a growing audience for motorsports, which could translate into higher ticket and merchandise sales.

Key Risk

If revenue comes in above $726M, it could challenge the current bearish sentiment and indicate stronger-than-expected demand.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching these earnings as they could signal a turning point for the company, which has struggled to meet expectations in recent quarters.

Bull Confirmed If

An EPS of $0.07 or better would confirm a strong recovery and positive momentum.

Bear Confirmed If

An EPS of -$0.16 or worse would reinforce concerns about ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±12.1%

The options market is pricing in a significant potential movement in the stock price following the earnings release, indicating uncertainty among investors.

Detail

ATM IV

0.3%

30d HV

27.0%

Calls (700)P/C Ratio: 47.14Puts (33K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

100.84%

of float

Insider

2.75%

of float

Holders

835

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
21,133,295 sh · $1.9B
9.43%
3.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around 3% or more, confirming a positive shift in performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction, reflecting ongoing caution among investors.

Miss

A miss on earnings could lead to a decline of around 2.91%, as seen in previous quarters, further stressing investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new sponsorship deals or partnerships that could boost revenue.
2Insights into viewership trends and audience engagement metrics.
3Management's commentary on operational improvements or cost-cutting measures.
4Any guidance on future events or expansions into new markets.
5Details on how the company plans to leverage digital platforms for fan engagement.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

-$0.02

Revenue

Revenue figures provide insight into the company's sales performance and overall growth trajectory.

$670M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FWONK Q3-2024 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+48.38%

Avg Stock Reaction

-0.73%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If the company can exceed EPS expectations and show strong revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

On the flip side, continued misses on earnings and revenue could lead to further declines in stock price, reflecting ongoing operational challenges.

Key Metrics to Watch

Earnings Per Share (EPS)

-$0.02

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$670M

Revenue figures provide insight into the company's sales performance and overall growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of -$0.02?

A positive EPS surprise could indicate a recovery in profitability and improve market sentiment.

What revenue figures will the company report relative to the $670M consensus?

Revenue performance is crucial for assessing growth potential and overall business health.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for a revenue rebound due to increased global interest in Formula One events, particularly in new markets.

Supporting Evidence

The company's historical performance shows a pattern of unexpected revenue spikes during high-profile races.

Recent trends in sports viewership suggest a growing audience for motorsports, which could translate into higher ticket and merchandise sales.

Key Risk

If revenue comes in above $726M, it could challenge the current bearish sentiment and indicate stronger-than-expected demand.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching these earnings as they could signal a turning point for the company, which has struggled to meet expectations in recent quarters.

Bull Confirmed If

An EPS of $0.07 or better would confirm a strong recovery and positive momentum.

Bear Confirmed If

An EPS of -$0.16 or worse would reinforce concerns about ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±12.1%

The options market is pricing in a significant potential movement in the stock price following the earnings release, indicating uncertainty among investors.

Detail

ATM IV

0.3%

30d HV

27.0%

Calls (700)P/C Ratio: 47.14Puts (33K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

100.84%

of float

Insider

2.75%

of float

Holders

835

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
21,133,295 sh · $1.9B
9.43%
3.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around 3% or more, confirming a positive shift in performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction, reflecting ongoing caution among investors.

Miss

A miss on earnings could lead to a decline of around 2.91%, as seen in previous quarters, further stressing investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new sponsorship deals or partnerships that could boost revenue.
2Insights into viewership trends and audience engagement metrics.
3Management's commentary on operational improvements or cost-cutting measures.
4Any guidance on future events or expansions into new markets.
5Details on how the company plans to leverage digital platforms for fan engagement.