Recap: Topgolf Callaway Brands Q4 Earnings
Portfolio Pulse from Benzinga Insights
Topgolf Callaway Brands (NYSE:MODG) reported Q4 earnings, beating estimates with an EPS of $-0.3 against an expected $-0.33 and a revenue increase of $45.8 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped 16.87% the following day. The company has shown mixed past earnings performance with both beats and misses in previous quarters.
February 13, 2024 | 9:20 pm
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Topgolf Callaway Brands reported better than expected Q4 earnings, with an EPS of $-0.3 and a significant year-over-year revenue increase. However, historical data shows a share price drop following the last earnings beat.
While MODG's Q4 earnings beat is positive, the historical share price drop following the last earnings beat introduces uncertainty. The mixed past performance and the recent positive earnings could lead to cautious optimism among investors, balancing the potential for both positive and negative short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100