Callaway Golf (CALY Quick QuoteCALY - Free Report) reported $687.5 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 37.1%. EPS of $0.56 for the same period compares to $0.11 a year ago.

The reported revenue represents a surprise of +5.63% over the Zacks Consensus Estimate of $650.85 million. With the consensus EPS estimate being $0.42, the EPS surprise was +34.26%.

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 Callaway performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Revenues by Category- Gear, Accessories & Other: $98.6 million versus $90.05 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
• Net Revenues by Category- Apparel: $102.7 million versus the four-analyst average estimate of $101.1 million. The reported number represents a year-over-year change of -32.6%.
• Net Revenues- Golf Equipment: $486.2 million compared to the $460.53 million average estimate based on four analysts. The reported number represents a change of +9.6% year over year.
• Net Revenues by Category- Golf Clubs: $380.6 million versus the four-analyst average estimate of $355.86 million. The reported number represents a year-over-year change of +11.9%.
• Net Revenues by Category- Golf Balls: $105.6 million compared to the $104.67 million average estimate based on four analysts. The reported number represents a change of +1.8% year over year.
• Net sales- Apparel, Gear and Other: $201.3 million versus $191.15 million estimated by four analysts on average.
• Operating income (loss)- Apparel, Gear and Other: $52 million compared to the $26.07 million average estimate based on three analysts.
• Operating income (loss)- Golf Equipment: $117.6 million versus $100.73 million estimated by three analysts on average.

View all Key Company Metrics for Callaway here>>>

Shares of Callaway have returned +2.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.