Earnings Preview: Topgolf Callaway Brands
Portfolio Pulse from Benzinga Insights
Topgolf Callaway Brands (NYSE:MODG) is scheduled to release its quarterly earnings report on February 13, 2024, with an expected EPS of $-0.33. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing significant share price drops the following day. Over the last year, MODG shares have declined by 40.69%, indicating potential concern among long-term shareholders.
February 12, 2024 | 5:02 pm
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Topgolf Callaway Brands is expected to report an EPS of $-0.33 for the latest quarter. Historical data shows the company often beats EPS estimates but experiences subsequent share price declines. With a 40.69% decrease in share price over the last year, the upcoming earnings report and guidance will be crucial for investor sentiment.
Given MODG's history of beating EPS estimates but experiencing share price declines, the short-term impact of the upcoming earnings report is uncertain. The focus will likely be on the company's future guidance, which could sway investor sentiment. However, the consistent decline in share price over the past year suggests underlying concerns that may not be immediately alleviated by the earnings report.
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