Topgolf Callaway Brands Sees 2024 Adj. EPS $0.26-$0.34 vs $0.36 Est., Consolidated Net Revenues $4.515B-$4.555B vs $4.54B Est.
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands projects its 2024 adjusted EPS to be between $0.26 and $0.34, which is below the estimated $0.36. The company also forecasts consolidated net revenues to range from $4.515 billion to $4.555 billion, slightly below the estimated $4.54 billion.
February 13, 2024 | 9:30 pm
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Topgolf Callaway Brands, trading as MODG, projects lower-than-expected 2024 adjusted EPS and slightly misses revenue estimates.
The projected adjusted EPS and revenue figures for Topgolf Callaway Brands (MODG) are below market expectations, which could lead to negative investor sentiment and a potential short-term decrease in stock price. The slight miss in revenue projections, although minimal, may also contribute to concerns over growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100