Topgolf Callaway Brands Q2 2024 Adj. EPS $0.42 Beats $0.27 Estimate, Sales $1.158B Miss $1.191B Estimate
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands (NYSE:MODG) reported Q2 2024 adjusted EPS of $0.42, beating the $0.27 estimate by 55.56%. However, sales of $1.158 billion missed the $1.191 billion estimate by 2.78%, and decreased by 1.86% compared to the same period last year.
August 07, 2024 | 8:00 pm
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Topgolf Callaway Brands reported Q2 2024 adjusted EPS of $0.42, significantly beating the $0.27 estimate. However, sales of $1.158 billion missed the $1.191 billion estimate and decreased by 1.86% YoY.
The significant beat on EPS is a positive indicator for profitability, which is likely to boost investor confidence. However, the miss on sales and the YoY decrease may temper some of the enthusiasm. Overall, the positive EPS surprise is expected to have a more substantial short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100