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

Callaway Golf

09/05/2024 20:54

* Topgolf Callaway Brands Corp  MODG.N  reported quarterly
adjusted earnings of 9 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 17 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of one cent
per share. Wall Street expected results to range from -3 cents
to 8 cents per share.
    * Revenue fell 2% to $1.14 billion from a year ago; analysts
expected $1.16 billion. 
    * Topgolf Callaway Brands Corp's reported EPS for the
quarter was
4 cents​.
    * The company reported quarterly net income of $6.5 million.
    * Topgolf Callaway Brands Corp shares had risen by 1.1% this
quarter and gained 14.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 89.9%
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 10 "strong buy" or "buy," 4
"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 May 9 at 07:54
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
 Mar. 31 2024      0.01           0.09           Beat
 Dec. 31 2023      -0.33          -0.30          Beat
 Sep. 30 2023      0.12           0.20           Beat
 Jun. 30 2023      0.34           0.39           Beat