Topgolf Callaway Brands Q1 2024 Adj EPS $0.09 Beats $0.01 Estimate, Sales $1.144B Miss $1.157B Estimate
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands (MODG) reported Q1 2024 adjusted EPS of $0.09, surpassing the $0.01 estimate, but its sales of $1.144B fell short of the $1.157B forecast. This represents a 47.06% decrease in earnings and a 1.97% decrease in sales from the same period last year.
May 08, 2024 | 9:08 pm
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Topgolf Callaway Brands reported a significant beat on EPS estimates but a slight miss on sales forecasts for Q1 2024, with both earnings and sales seeing a decrease from the previous year.
While the EPS beat is positive, the sales miss and the year-over-year decline in both earnings and sales could lead to mixed reactions in the short term. The significant beat on EPS estimates may provide some upward momentum, but the sales miss and overall decline in performance compared to the previous year could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100