Topgolf Callaway Brands Q2 Adj $0.39 Beats $0.34 Estimate, Sales $1.18B Miss $1.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands (NYSE:MODG) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.34 by 14.71%. However, this is a 17.02% decrease from the same period last year. The company's quarterly sales of $1.18 billion missed the analyst consensus estimate of $1.19 billion by 0.84%, but it's a 5.73% increase from the same period last year.
August 08, 2023 | 8:27 pm
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NEUTRAL IMPACT
Topgolf Callaway Brands reported better than expected Q2 earnings but missed on sales. Earnings per share decreased by 17.02% YoY, while sales increased by 5.73% YoY.
The company's earnings beat estimates, which is a positive signal. However, the decrease in earnings per share YoY and the miss on sales could negatively impact the stock price. The net effect is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100