BofA Securities analyst Alexander Perry maintains $Topgolf Callaway Brands (MODG.US)$ with a hold rating, and maintains the target price at $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:
Following the Q3 report, there was a revision of the Q4 adjusted EBITDA expectations due to a decrease in the forecast for Topgolf's same-venue sales and a lowered projection for golf equipment revenue. However, this revised revenue outlook is somewhat mitigated by improved product gross margins in golf equipment for Q4.
Topgolf Callaway's third-quarter revenue and adjusted EBITDA surpassed expectations, yet the company moderated its future projections. This adjustment in guidance is due to the rescheduling of shipments from the third to the fourth quarter and a slower pace of consumer engagement observed in the third quarter. Furthermore, there was a sequential deceleration in same-venue-sales for Topgolf during the third quarter when examined over one and two-year periods, with this trend being more pronounced in locations with three or more bays compared to those with one or two bays.
The assessment of Topgolf Callaway's third-quarter report was characterized as 'mixed,' with concerns raised about the Topgolf build deterioration, which could be a warning sign for future performance.
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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美銀證券分析師Alexander Perry維持$Topgolf Callaway Brands (MODG.US)$持有評級,維持目標價10美元。
根據TipRanks數據顯示,該分析師近一年總勝率為35.1%,總平均回報率為-2.6%。
此外,綜合報道,$Topgolf Callaway Brands (MODG.US)$近期主要分析師觀點如下:
在第三季度報告發布後,由於對Topgolf同場銷售的預測下調以及對高爾夫設備營業收入的預期降低,第四季度的調整後EBITDA預期被修改。然而,由於第四季度高爾夫設備的產品毛利率改善,這一修訂後的營業收入展望在一定程度上得到了緩解。
Topgolf Callaway第三季度的營業收入和調整後EBITDA超出了預期,但公司對未來預期進行了調整。這一指導的調整是由於將第三季度的貨物運輸時間重新安排至第四季度,以及在第三季度觀察到的消費參與速度放緩。此外,與前一年和前兩年的比較,Topgolf在第三季度的同場銷售出現了連續減緩,這一趨勢在有三個或更多球道的地點比在只有一個或兩個球道的地點更爲明顯。
對Topgolf Callaway第三季度報告的評估被描述爲「混合」,並對Topgolf建設惡化提出了擔憂,這可能是未來業績的警示信號。
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