Liberty(US:FWONK) ZACKSยท2025-01-31 18:01Core Viewpoint - Liberty Media Corporation - Liberty Formula One Series C has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Liberty Media Corporation for the fiscal year ending December 2024 is projected at $1.36 per share, reflecting a substantial increase of 119.4% compared to the previous year [9]. - Over the past three months, analysts have raised their earnings estimates for Liberty Media Corporation by 13.3% [9]. Zacks Rating System - The Zacks rating system is based on changes in earnings estimates, which are crucial for predicting near-term stock price movements [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell), and has shown a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [8]. Investment Implications - The upgrade to Zacks Rank 2 positions Liberty Media Corporation in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [11]. - Rising earnings estimates and the corresponding rating upgrade indicate an improvement in the company's underlying business, which could lead to increased buying pressure and a higher stock price [6][4].