A Peek at Topgolf Callaway Brands's Future Earnings

Topgolf Callaway Brands (NYSE:MODG) is preparing to release its quarterly earnings on Tuesday, 2024-11-12. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Topgolf Callaway Brands to report an earnings per share (EPS) of $-0.16.

Anticipation surrounds Topgolf Callaway Brands's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.14, leading to a 2.05% drop in the share price on the subsequent day.

Here's a look at Topgolf Callaway Brands's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.28

0

-0.33

0.12

EPS Actual

0.42

0.09

-0.30

0.20

Price Change %

-2.0%

-7.000000000000001%

12.0%

-17.0%

Tracking Topgolf Callaway Brands's Stock Performance

Shares of Topgolf Callaway Brands were trading at $9.63 as of November 08. Over the last 52-week period, shares are down 13.21%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Opinions on Topgolf Callaway Brands

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Topgolf Callaway Brands.

Analysts have provided Topgolf Callaway Brands with 6 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $12.83, suggesting a ...