Callaway Golf ELY is set to give its latest quarterly earnings report on Tuesday, 2021-11-09. Here's what investors need to know before the announcement.
Analysts estimate that Callaway Golf will likely report an Earnings Per Share (EPS) of $0.09
Callaway Golf bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat on EPS by 3500.00%, which was followed by a 5.82% drop in the share price the next day.
Here's a look at Callaway Golf's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | 0.14 | -0.19 | 0.38 |
| EPS Actual | 0.36 | 0.62 | -0.33 | 0.60 |
| Price Change % | -5.82% | 13.23% | -3.04% | -2.58% |
Stock Performance
Shares of Callaway Golf were trading at $29.4 as of November 04. Over the last 52-week period, shares are up 63.98%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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