Topgolf Callaway Brands Corp (NYSE: MODG) has reported E.P.S. of $0.34 for its second fiscal quarter (ending June 30) versus $0.63 for the same period a year ago — a decline of -46%. However, this result exceeded the consensus estimate of $0.28 by $0.06. For the latest four quarters through June 30, E.P.S. were $0.11 versus $0.59 for the same period a year ago — a decline of -81%.
Recent Price Action
Topgolf Callaway Brands Corp (NYSE: MODG) stock suffered a major decline of -12.7% on 8/7/24. The shares closed at $12.22. Moreover, exceptionally high trading volume at 323% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -25.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MODG is expected to be a modest Value Builder.
Topgolf Callaway Brands has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Topgolf Callaway Brands has a good Power Rating of 72 and a very high Appreciation Score of 85, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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