Topgolf Callaway Brands (MODG - Free Report) reported $897.1 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 5.4%. EPS of -$0.30 for the same period compares to -$0.27 a year ago.
The reported revenue represents a surprise of +3.60% over the Zacks Consensus Estimate of $865.9 million. With the consensus EPS estimate being -$0.34, the EPS surprise was +11.76%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Topgolf Callaway performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Topgolf: $439 million compared to the $425.49 million average estimate based on five analysts.
- Net Revenues by Category- Apparel: $181.90 million versus $185.73 million estimated by four analysts on average.
- Net Revenues by Category- Gear, Accessories & Other: $76.80 million versus the four-analyst average estimate of $67.67 million.
- Net Revenues- Active Lifestyle: $258.70 million compared to the $253.40 million average estimate based on four analysts.
- Net Revenues by Category- Golf Balls: $39.20 million versus the four-analyst average estimate of $139.39 million.
- Net Revenues by Category- Golf Clubs: $160.20 million versus the four-analyst average estimate of $51.54 million.
- Net Revenues- Golf Equipment: $199.40 million versus the four-analyst average estimate of $190.93 million.
- Net Revenues- Products: $461.90 million versus $445.99 million estimated by three analysts on average.
- Net Revenues- Services: $435.20 million compared to the $418 million average estimate based on three analysts.
- Net Revenues by Category- Topgolf other business lines: $16.80 million versus $20.93 million estimated by two analysts on average.
- Net Revenues by Category- Venues: $422.20 million versus $404.14 million estimated by two analysts on average.
- Operating income (loss)- Golf Equipment: -$19.90 million versus $2.67 million estimated by four analysts on average.
View all Key Company Metrics for Topgolf Callaway here>>>Shares of Topgolf Callaway have returned +3.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Topgolf Callaway Brands (MODG - Free Report) reported $897.1 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 5.4%. EPS of -$0.30 for the same period compares to -$0.27 a year ago.
The reported revenue represents a surprise of +3.60% over the Zacks Consensus Estimate of $865.9 million. With the consensus EPS estimate being -$0.34, the EPS surprise was +11.76%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Topgolf Callaway performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Topgolf: $439 million compared to the $425.49 million average estimate based on five analysts.
- Net Revenues by Category- Apparel: $181.90 million versus $185.73 million estimated by four analysts on average.
- Net Revenues by Category- Gear, Accessories & Other: $76.80 million versus the four-analyst average estimate of $67.67 million.
- Net Revenues- Active Lifestyle: $258.70 million compared to the $253.40 million average estimate based on four analysts.
- Net Revenues by Category- Golf Balls: $39.20 million versus the four-analyst average estimate of $139.39 million.
- Net Revenues by Category- Golf Clubs: $160.20 million versus the four-analyst average estimate of $51.54 million.
- Net Revenues- Golf Equipment: $199.40 million versus the four-analyst average estimate of $190.93 million.
- Net Revenues- Products: $461.90 million versus $445.99 million estimated by three analysts on average.
- Net Revenues- Services: $435.20 million compared to the $418 million average estimate based on three analysts.
- Net Revenues by Category- Topgolf other business lines: $16.80 million versus $20.93 million estimated by two analysts on average.
- Net Revenues by Category- Venues: $422.20 million versus $404.14 million estimated by two analysts on average.
- Operating income (loss)- Golf Equipment: -$19.90 million versus $2.67 million estimated by four analysts on average.
View all Key Company Metrics for Topgolf Callaway here>>>Shares of Topgolf Callaway have returned +3.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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