MODG Earnings Prediction
The chart below shows how MODG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MODG sees a +3.45% change in stock price 10 days leading up to the earnings, and a -2.40% change 10 days following the report. On the earnings day itself, the stock moves by -3.56%. This data can give you a slight idea of what to expect for the next quarter's release.
MODG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.01B
-2.66%
-12.52%
Gross Margin
62.77%
-0.71%
-0.68%
Operating Margin
3.33%
-53.03%
-64.72%
Net Margin
-0.36%
-112.63%
-106.72%
EPS
-0.02
-112.50%
-106.45%
No Data Available
MODG Earnings Analysis
Topgolf Callaway Brands Corp. Corporation (MODG.N) Earnings Conference Call
Positive
Stable Venue Sales Performance: Topgolf's same venue sales came in roughly consistent with expectations, indicating stability in revenue generation.
Golf Equipment Market Leadership: The golf equipment segment continues to lead, with 2024 trending to be the third consecutive year that Callaway has earned the number one U.S. market share position in golf clubs.
Strong Operating Income Performance: Topgolf's operating income was $28 million, demonstrating strong performance despite challenges in the market.
Operating Activities Cash Increase: Cash provided by operating activities for the first nine months increased by $111 million, or 49%, compared to the first nine months of 2023.
EBITDA Margin Improvement: The company expects to end the year nearly 500 basis points higher in EBITDA margin than in 2019, reflecting improved operational efficiency.
Negative
Same Venue Sales Decline: Topgolf's same venue sales decreased by approximately 11% in Q3, reflecting a decline in consumer spending and traffic.
Operating Income Decline: Topgolf's operating income fell to $28 million, down $11 million compared to the prior year, primarily due to increased depreciation related to new venues and higher operating expenses.
EBITDA Decline Analysis: Adjusted EBITDA decreased by 27% year-over-year to $120 million, attributed to lower same venue sales and increased costs.
Active Lifestyle Revenue Decline: Active Lifestyle segment revenue decreased by 11% year-over-year, mainly due to lower sales of Jack Wolfskin products in Europe.
Revenue Decline Analysis: Total consolidated revenues of $1.013 billion decreased by 3% year-over-year, largely driven by an 11% decline in Active Lifestyle revenue.
MODG FAQs
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MODG Earning Call Sentiment
Topgolf Callaway Brands Corp (MODG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MODG.N
-3.04%Positive
The earnings call presents mixed signals. While the company shows improved debt management and liquidity, it also reports revenue declines and decreased EBITDA. Topgolf's slight revenue growth is offset by operating income decline, and the guidance remains vague with weather-related uncertainties. Positive trends in Golf Equipment and a potential Topgolf spin offer some optimism. However, the negative financial results, cautious guidance, and lack of clear growth strategy contribute to a neutral outlook. Given the market cap, expect a stock price movement between -2% and 2% over the next two weeks.
