Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to earnings of $0.20 per share a year ago.
Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Topgolf Callaway Brands (MODG) or Sportradar Group AG (SRAD). But which of these two stocks presents investors with the better value opportunity right now?
MODG's third-quarter 2024 results are likely to reflect the impact of slowing consumer activity.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The average of price targets set by Wall Street analysts indicates a potential upside of 57.4% in Topgolf Callaway (MODG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MODG stock to benefit from further enhancing its digital capabilities by launching the Topgolf Shop website.
Topgolf announced the launch of its interactive Fortnite map on UEFN, where players can partake of minigames themed after Topgolf's games.
The split of Topgolf and Callaway is expected to maximize shareholder value by allowing each brand to focus on their core business models independently. Topgolf's capital-intensive nature has been a drag on Callaway, making the separation beneficial for both entities to operate more efficiently. The combined entity trades at a deep value of 0.52x forward book value, presenting a 92.3% upside if shares converge to 1x book value.
Topgolf inks a deal with Golf Saudi to expand its presence and elevate golf in Saudi Arabia.
Duffers are ruining things for Topgolf Callaway MODG -9.05%decrease; red down pointing triangle.
Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses.