Charting Callaway Golf's Latest Earnings Release
Callaway Golf (NYS: ELY) reported earnings Jan. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Callaway Golf met expectations on revenues and missed on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly, and earnings per share dropped.
Margins shrank across the board.
Callaway Golf booked revenue of $154 million. The seven analysts polled by S&P Capital IQ predicted net sales of $153 million. Sales were 17% lower than the prior-year quarter's $186 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.41. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.40 per share on the same basis. GAAP EPS were -$1.01 for Q4 versus -$0.55 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 24.4%, 850 basis points worse than the prior-year quarter. Operating margin was -32.3%, 1,750 basis points worse than the prior-year quarter. Net margin was -40.9%, 2,350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $314 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $959 million. The average EPS estimate is $0.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 236 members out of 283 rating the stock outperform, and 47 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Callaway Golf a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Callaway Golf is outperform, with an average price target of $8.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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