Callaway Golf Company (NYSE:ELY) is reporting third quarter earnings results on Monday 9th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.38 per share.
For the full year, analysts predict revenues of $ 1515.16 million, while looking forward to income of $ 0.54 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,750.00 million ~ $ 1,780.00 million, where as bottomline are predicted in a range of $ 0.82 ~ $ 0.94 per share
Click Here For More Historical Outlooks Of Callaway Golf Company
Previous Quarter Performance
Callaway Golf Company disclosed income for the second quarter of $ 0.06 per share, from the revenue of $ 297.00 million. The quarterly earnings reduced 83.78 percent while revenues fell 33.51 percent compared with the same quarter last year.
Street analysts expected Callaway Golf Company to report loss of $ 0.02 per share on revenue of $ 286.33 million for the second quarter. The bottom line results beat street analysts by $ 0.08 or 400.00 percent, at the same time, top line results outshined analysts by $ 10.67 million or 3.73 percent.
Stock Performance
On Friday, shares of Callaway Golf Company has traded high as $ 18.17 and has cracked $ 17.09 on the downward trend, reaching $ 17.15 with volume of 3.09 million shares.
According to the previous trading day, closing price of $ 17.15, representing a 264.84 % increase from the 52 week low of $ 4.75 and a 22.39 % decrease over the 52 week high of $ 22.33.
The company has a market capital of $ 1.62 billion and is part of the Consumer Cyclical sector and Leisure industry.
Conference Call
Callaway Golf Company will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.callawaygolf.com
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other. The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.
