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Callaway Golf Company (CLY.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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19.28-1.35 (-6.54%)
As of 08:20AM CEST. Market open.
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  • F
    Franky
    $25 by end of the week...
    Callaway Golf beats by $0.12, beats on revs; guides Q2 revs above consensus; raises FY22 revs above consensus (17.97 -0.35)
    Reports Q1 (Mar) earnings of $0.36 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $0.24; revenues rose 59.6% year/year to $1.04 bln vs the $1.02 bln S&P Capital IQ Consensus.
    Co issues upside guidance for Q2, sees Q2 revs of $1.085-1.105 bln vs. $1.02 bln S&P Capital IQ Consensus.
    Co issues upside guidance for FY22, sees FY22 revs of $3.935-3.970 bln vs. $3.83 bln S&P Capital IQ Consensus and prior guidance of $3.78-3.82 bln. Sees adj. EBITDA of $535-55 mln versus prior guidance of $490-515 mln.
    The Company completed its previously announced $50.0 million stock repurchase program by purchasing an additional 1,069,287 shares of common stock during the first quarter at an average price of $23.38.
  • S
    Sum Invest
    Every aspect of their business is growing Top Golf, Equipment & Apparel. Golf is exploding more now than it was in the 90's with Tiger. Everyone in Golf is switching to from wearing the tired old "Shark" apparel to Travis Mathews. A limited Ladies line is now out and there is really no limit for the Apparel. Once Management capitalizes on bringing Top Golf Revenue to the bottom line then we should see P/E in the 20's with Earnings possibly up by 50% by Year End. If this happens then we should see a 40-50 stock price by 1st Q 2023. Hit em long and straight!!
  • J
    Jon
    Stock should be so much higher after yesterday's call. Nothing but good new and good things to come, increase in all product categories and submarkets. Stock is grossly undervalued here. TG will be churning out dollar bills for this company for a long time to come.
  • C
    Charlie
    This will def go up after earning, this stock is a no brainer to invest long term, Golf is very popular sport plus its an outdoor location and during the Lock Down every Golf Course is and still is packed ! Earning will be great tomorrow....
  • J
    Jand
    I've been pounding the table on this one for a while, the earnings report today feels like sweet revenge...
  • C
    Christian
    CEO and CFO bought 16,000 and 15,000 shares at these prices on March 14th. Q1 should be good.
  • F
    Franky
    ELY CEO and CFO bought 31,000 shares at $21.54 - $21.78 worth ~ $670K.
  • v
    vladimir
    ELY is a $26-$30 stock
  • T
    Tex
    Booze, Food, Golf games = Recession proof
  • J
    Jon
    The company needs to get a new stock ticker, no one knows Callaway owns it outright and more so, no one knows ELY is Callaway golf. Any ideas on a good ticker?
  • J
    Jonathan
    Mentioned last week I went to the El Segundo location and was blown away, it got me to buy back into the stock.

    Did the par 3 last night which is next door on the property and we had such a great time. We played at 8:30 PM, it was my first time ever playing night golf. On hole 10 (last hole) you get to use the Top Tracer tech and see where your shot went/landed + the ball speed and distance.

    We walked into the main driving range facility to show my cousin and it was still packed (Thursday night). There was a line of people to get inside (presumably with reservations).

    I'll never pretend to know if a stock will go up or down but I do think Top Golf is an excellent brand and product.

    I've never gone to El Segundo before and am excited to keep going back with different groups of friends so they can experience it.
  • J
    Jand
    Cant resist, I'm in....
  • F
    Franky
    EARNINGS WILL BEAT....BUY,BUY,BUY
  • G
    GangnamStyleBalla
    Hope they have something good to say on the earnings call tomorrow.
  • v
    vladimir
    Who dumped this down to $17from $25? Nice to see it beat earnings.
  • J
    Jonathan
    At the new El Segundo location. It’s packed in the middle of a Friday. Beautiful location as well. Just bought back in from my phone as I stand here.
  • W
    Werner
    And it drops again, I was waiting on this to buy more
  • F
    Franky
    BEST BUYING OPPORTUNITY......BLOWOUT EARNINGS.....UPGRADES
  • F
    Franky
    JP Morgan

    Resumed

    Overweight

    $30
  • D
    Dave
    People are out playing golf not watching Netflix all day.