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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美銀證券分析師Alexander Perry維持$Topgolf Callaway Brands (MODG.US)$持有評級，並將目標價從12美元下調至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：
第三季度報告發布後，第四季度調整後的息稅折舊攤銷前利潤預期進行了修正。這受到Topgolf同場銷售預測的修訂以及預期的高爾夫設備收入下降的影響。但是，第四季度高爾夫器材板塊產品毛利率的提高在一定程度上緩解了收入預測下降的影響。
該公司第三季度的收入和調整後的息稅折舊攤銷前利潤超過了預期，但管理層已下調了預期。這一修訂歸因於第三和第四季度之間的出貨時間安排，以及第三季度的消費者活動低於預期。此外，Topgolf的同場銷售在第三季度連續放緩，分爲一年和兩年，這主要是由於3+灣細分市場的表現，1-2灣細分市場的表現也連續放緩。
繼第三季度報告 「喜憂參半」 之後，該公司將Topgolf建築的惡化視爲前瞻性問題。
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