Topgolf Callaway Brands Corp reports results for the quarter ended March 31 - Earnings Summary

• Topgolf Callaway Brands Corp MODG.N reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of eleven analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -19 cents to -1 cents per share.

• Revenue fell 4.5% to $1.09 billion from a year ago; analysts expected $1.07 billion.

• Topgolf Callaway Brands Corp's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $2.1 million.

• Topgolf Callaway Brands Corp shares had risen by 11.4% this quarter and lost 6.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 180.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the recreational products peer group is also "hold"

• Wall Street's median 12-month price target for Topgolf Callaway Brands Corp is $9.00

This summary was machine generated from LSEG data May 12 at 09:48 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)