Topgolf Callaway Brands Q2 2024 Adj EPS $0.42 Beats $0.27 Estimate, Sales $1.16 Miss $1.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands (NYSE:MODG) reported Q2 2024 adjusted EPS of $0.42, beating the estimate of $0.27 by 55.56%. However, sales were $1.16 billion, missing the $1.19 billion estimate and showing a 100% decrease from $1.18 billion last year.
August 07, 2024 | 7:43 pm
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Topgolf Callaway Brands reported Q2 2024 EPS of $0.42, beating estimates by 55.56%, but sales missed by $30M, showing a 100% decrease from last year.
While the EPS beat is a positive indicator, the sales miss and the significant year-over-year decrease in sales could neutralize the positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100