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Callaway Golf (ELY) Shows Strength: Stock Adds 7% in Session
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Callaway Golf Company was a big mover last session, as its shares rose almost 7% on the day. The move came after the company reported encouraging first-quarter 2017 financial results wherein sales recorded double-digit growth as well as a significant increase in full-year earnings guidance. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 14% in the past one-month time frame.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Callaway Golf currently carries a Zacks Rank #2 (Buy).
Is ELY going up? Or down? Predict to see what others think: Up or Down
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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Callaway Golf (ELY) Shows Strength: Stock Adds 7% in Session
Callaway Golf Company was a big mover last session, as its shares rose almost 7% on the day. The move came after the company reported encouraging first-quarter 2017 financial results wherein sales recorded double-digit growth as well as a significant increase in full-year earnings guidance. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 14% in the past one-month time frame.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Callaway Golf currently carries a Zacks Rank #2 (Buy).
Callaway Golf Company Price
Callaway Golf Company Price | Callaway Golf Company Quote
Another top ranked stock from the Leisure - Recreation Products space is Marine Products Corporation (MPX - Free Report) , carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is ELY going up? Or down? Predict to see what others think: Up or Down
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>