Topgolf Callaway Brands Corp reports results for the quarter ended June 30 - Earnings Summary

• Topgolf Callaway Brands Corp MODG.N reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of twelve analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -2 cents to 5 cents per share.

• Revenue fell 4.1% to $1.11 billion from a year ago; analysts expected $1.09 billion.

• Topgolf Callaway Brands Corp's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $20.3 million.

• Topgolf Callaway Brands Corp shares had risen by 11.7% this quarter and gained 14.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 86.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the recreational products peer group is "buy."

• Wall Street's median 12-month price target for Topgolf Callaway Brands Corp is $9.25, about 5% above its last closing price of $8.79

This summary was machine generated from LSEG data August 7 at 01:46 a.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)