BofA Securities analyst Alexander Perry maintains $Topgolf Callaway Brands (MODG.US)$ with a hold rating, and adjusts the target price from $12 to $10.
According to TipRanks data, the analyst has a success rate of 35.1% and a total average return of -2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Topgolf Callaway Brands (MODG.US)$'s main analysts recently are as follows:
Subsequent to the third-quarter report, there was a revision in the fourth-quarter adjusted EBITDA expectations. This was influenced by a revised forecast for Topgolf's same-venue sales as well as a decrease in the anticipated golf equipment revenue. However, the impact of this reduced revenue forecast is somewhat mitigated by an improvement in the product gross margins within the golf equipment segment for the fourth quarter.
The company's third-quarter revenue and adjusted EBITDA surpassed estimates, yet management has revised its guidance downwards. This revision is attributed to the rescheduling of shipments between the third and fourth quarters, coupled with a slower than anticipated consumer activity during the third quarter. Additionally, same-venue sales for Topgolf witnessed a sequential deceleration in the third quarter on both a one and two-year stack, predominantly due to performance in the 3+ Bay segment, with the 1-2 Bay segment also experiencing a sequential slowdown.
The firm views the deterioration in Topgolf builds as a forward concern following a 'mixed' Q3 report.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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美银证券分析师Alexander Perry维持$Topgolf Callaway Brands (MODG.US)$持有评级，并将目标价从12美元下调至10美元。
根据TipRanks数据显示，该分析师近一年总胜率为35.1%，总平均回报率为-2.6%。
此外，综合报道，$Topgolf Callaway Brands (MODG.US)$近期主要分析师观点如下：
第三季度报告发布后，第四季度调整后的息税折旧摊销前利润预期进行了修正。这受到Topgolf同场销售预测的修订以及预期的高尔夫设备收入下降的影响。但是，第四季度高尔夫器材板块产品毛利率的提高在一定程度上缓解了收入预测下降的影响。
该公司第三季度的收入和调整后的息税折旧摊销前利润超过了预期，但管理层已下调了预期。这一修订归因于第三和第四季度之间的出货时间安排，以及第三季度的消费者活动低于预期。此外，Topgolf的同场销售在第三季度连续放缓，分为一年和两年，这主要是由于3+湾细分市场的表现，1-2湾细分市场的表现也连续放缓。
继第三季度报告 “喜忧参半” 之后，该公司将Topgolf建筑的恶化视为前瞻性问题。
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