Topgolf Callaway Brands Q3 EPS $0.20 Beats $0.12 Estimate, Sales $1.04B Miss $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands (NYSE:MODG) reported Q3 earnings of $0.20 per share, beating the analyst consensus estimate of $0.12 by 66.67%. However, this is a 13.04% decrease from the same period last year. The company's quarterly sales were $1.04 billion, missing the analyst consensus estimate of $1.07 billion by 2.57%, but a 5.27% increase from the same period last year.
November 08, 2023 | 9:41 pm
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NEUTRAL IMPACT
Topgolf Callaway Brands reported better than expected Q3 earnings but missed on sales. Earnings per share decreased by 13.04% YoY, while sales increased by 5.27% YoY.
The company's earnings beat estimates, which is a positive signal for investors. However, the miss on sales and the decrease in earnings per share compared to the same period last year might offset the positive impact of the earnings beat. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100