Topgolf Callaway Brands Corp reports results for the quarter ended in June - Earnings Summary

Callaway Golf

07/08/2024 22:52

* Topgolf Callaway Brands Corp  MODG.N  reported quarterly
adjusted earnings of 42 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 39 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 27 cents
per share. Wall Street expected results to range from 23 cents
to 35 cents per share.
    * Revenue fell 1.9% to $1.16 billion from a year ago;
analysts
expected $1.19 billion. 
    * Topgolf Callaway Brands Corp's reported EPS for the
quarter was
32 cents​.
    * The company reported quarterly net income of $62.1
million.
    * Topgolf Callaway Brands Corp shares had fallen by 8.5%
this
quarter and lost 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for Topgolf Callaway
Brands Corp is $18.00 
This summary was machine generated from LSEG data August 7 at
09:52 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.27           0.42           Beat
 Mar. 31 2024      0.01           0.09           Beat
 Dec. 31 2023      -0.33          -0.30          Beat
 Sep. 30 2023      0.12           0.20           Beat