Topgolf Callaway Brands Corp expected to post a loss of 16 cents a share - Earnings Preview

Callaway Golf

08/11/2024 22:13

* Topgolf Callaway Brands Corp  MODG.N   MODG.K  is expected
to show a fall in quarterly revenue when it reports  results on
November 12 for the period ending September 30 2024
    * The Carlsbad California-based  company is expected to
report a
5.5% decrease in revenue to $983.026 million from $1.04 billion
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on August 7 2024, for
the period ended September 30, was for revenue between $970.00
million and $990.00 million.
    * ​LSEG's mean analyst estimate for Topgolf Callaway Brands
Corp
is for a loss of 16 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Topgolf
Callaway
Brands Corp is $14.00​, above​ its last closing price of $9.63.
​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD970 million and
USD105 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.27        0.27       0.42      Beat    54.4
 Mar. 31 0001  0.02        0.01       0.09      Beat    554.5
 Dec. 31 2023  -0.34       -0.33      -0.30     Beat    9.6​
 Sep. 30 2023  0.11        0.12       0.20      Beat    71.2
 ​​Jun.        0.34        0.34       0.39      Beat    15
 30 2023                                                
 Jan. 1 0001   0.16        0.16       0.17      Beat    9.3​
 Dec. 31 2022  -0.14       -0.16      -0.27     Missed  -68
 Sep. 30 2022  0.18        0.18       0.23      Beat    31
 This summary was machine generated November 8 at 22:13 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)