Liberty Formula One Group Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Liberty Formula One Group (NASDAQ:FWONA) reported Q1 earnings of $52 million, a 91.68% increase from the previous quarter, while sales decreased by 49.47% to $381 million. The company posted a return on capital employed (ROCE) of 0.0%, indicating effective capital allocation. However, Q1 earnings per share of $-0.58 did not meet analyst predictions of $-0.11.
May 19, 2023 | 2:49 pm
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Liberty Formula One Group's Q1 earnings increased by 91.68% to $52 million, while sales decreased by 49.47% to $381 million. The company posted a 0.0% ROCE, indicating effective capital allocation, but missed analyst EPS predictions.
Liberty Formula One Group's Q1 earnings increased significantly, but sales decreased, and the company missed analyst EPS predictions. The 0.0% ROCE indicates effective capital allocation, which is a positive sign for the company's long-term success. However, the mixed results make it difficult to predict the short-term impact on the stock price, so the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100