Topgolf Callaway Brands Corp. Sees Q4 2023 Revenue $847M-$872M Vs $1.01B Est.; Updates FY23 EPS From $0.63-$0.69 To $0.39-$0.43 Vs $0.63 Est.; Revenue From $4.42B-$4.47B To $4.235B-$4.260B Vs $4.42B Est.
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands Corp. has revised its Q4 2023 revenue estimate to $847M-$872M, down from the previous estimate of $1.01B. The company also lowered its FY23 EPS from $0.63-$0.69 to $0.39-$0.43 and its revenue from $4.42B-$4.47B to $4.235B-$4.260B. The 2023 projections are based on the company's best estimates at this time.
November 08, 2023 | 9:45 pm
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NEGATIVE IMPACT
Topgolf Callaway Brands Corp. has lowered its Q4 2023 and FY23 revenue and EPS estimates. This could negatively impact investor sentiment and the company's stock price in the short term.
The company's downward revision of its revenue and EPS estimates indicates potential financial challenges or lower-than-expected performance. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100