Callaway Golf (ELY) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this maker of golf equipment and accessories would post a loss of $0.24 per share when it actually produced a loss of $0.26, delivering a surprise of -8.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Callaway, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $442.28 million for the quarter ended March 2020, missing the Zacks Consensus Estimate