Callaway Golf Co. (NYSE:ELY) is projected to declare fiscal fourth quarter financial results right after the stock market’s official close on February 01, 2017. The stock lost about -5.1 percent in price since last results when it was at $ a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 13 times out of last 26 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to ELY earnings announcements over the past few quarters.
Callaway Golf Co. (ELY) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 17.75 percent over the past four quarters. Back on November 3, 2016, it posted earnings per-share earnings at $-0.06 which beat the consensus $-0.11 projection (positive surprise of45.45%. For the quarter, revenue came in at 187.85M versus consensus estimate of 177.39M. The stock dropped 0 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On July 27, 2016, it reported earnings at $0.36 a share compared with the consensus estimate of $0.33 per share (positive surprise of 9.09%). Revenue of 245.59M for that quarter was above the $242.27M analysts had expected. The stock climbed 0.1% the day following the earnings announcement, and on 7th day price change was 1.44%.
On April 27, 2016, it recorded $0.4 a share in earnings which topped the consensus estimate of $0.37 (positive surprise of 8.11%). Revenue for the quarter was $274.05M while analysts called for revenues to be $280.86M. The stock gained 0.21% the day following the earnings data was made public, and on 7th day price change was 0.64%.
On February 4, 2016, it announced earnings per share at $-0.33 versus the consensus estimate of $-0.36 per share (positive surprise of 8.33%). That came on revenues of $153.33M for that period. Analysts had expected $148.36M in revenue.
Callaway Golf Co. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.17. The analysts’ present consensus range is $-0.2-$-0.16 for EPS. The market consensus range for revenue is between $166.27M and $180M, with an average of $170.84M.
Callaway Golf Co. (NYSE:ELY) last ended at $12.44, sending the company’s market cap near $1.17B. The consensus 12-month price target from analysts covering the stock is $13.6. The share price has declined -0.48% from its top level in 52 weeks and dropped 32.47% this year. It recently traded in a range of $12.42-$12.56 at a volume of 243380 shares. The recent trading ended with the price nearly 1.72 higher for the last 5 trading days, rebounding 55.99% from its 52-week low.