For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Topgolf Callaway Brands (MODG) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Topgolf Callaway Brands is one of 265 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits a ...

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, December 11th:TOPGOLF CALLAWY (MODG) : This unrivaled tech-enabled Modern Golf and active lifestyle company, which delivers golf equipment, apparel and entertainment, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 59% over the last 60 days.TOPGOLF CALLAWY’s shares gained 19% over the last three month compared with the S&P 500’s gain of 4 ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

If you're a shareholder of Topgolf Callaway Brands ( MODG ), you probably felt like you have been stuck in a sand trap for a while.I hold a B.Sc and M.Sc in Mechanical Engineering from one of Germany’s top universities. With over five years of experience in strategy and management consulting at industry-leading firms, I have worked across various sectors, helping businesses navigate complex challenges and optimize their market positioning. As an investor, my approach revolves around identifying quality comp ...

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Group 1: Topgolf Callaway Brands Corp. (MODG) - Topgolf Callaway Brands Corp. is engaged in the golf equipment, golf apparel, and accessories market [1] - The company has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased nearly 59% over the last 60 days [1] - Topgolf Callaway's shares have gained 33.1% over the last three months, significantly outperforming the S&P 500's advance of 5.8% [1] - The company possesses a Momentum Score of B, reflecting its strong momentum characteristics [1] Group 2: Kennametal Inc. (KMT) - Kennametal Inc. specializes in tungsten carbides, ceramics, and super-hard materials for metal cutting and extreme wear applications [2] - The company also holds a Zacks Rank of 1, indicating strong performance potential [2] - The Zacks Consensus Estimate for its current year earnings has increased by 25% over the last 60 days [2] - Kennametal's shares have gained 29% over the last three months, also outperforming the S&P 500's advance of 5.8% [2] - The company has a Momentum Score of B, indicating strong momentum characteristics [2]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Company Earnings Estimates - Norwood Financial Corp. (NWFL) has seen a 16.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Kennametal Inc. (KMT) has experienced a 25% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Topgolf Callaway Brands Corp. (MODG) has seen a nearly 59% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Interface, Inc. (TILE) has experienced an 8.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Universal Health Services, Inc. (UHS) has seen a 6.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Viewpoint - Topgolf Callaway Brands (MODG) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade reflects an optimistic earnings outlook for Topgolf Callaway, which could lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5][7]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, influencing their buying and selling actions, which subsequently affects stock prices [5]. Company Performance and Analyst Sentiment - Topgolf Callaway is projected to earn -$0.16 per share for the fiscal year ending December 2025, with no year-over-year change expected [9]. - Over the past three months, the Zacks Consensus Estimate for Topgolf Callaway has increased by 57.6%, indicating a positive trend in analyst sentiment [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Topgolf Callaway to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10][11].

Core Viewpoint - Topgolf Callaway Brands (MODG) has experienced significant stock performance, with an 18.1% increase over the past month and a 48.7% rise since the beginning of the year, outperforming both the Zacks Consumer Discretionary sector and the Zacks Leisure and Recreation Products industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of -$0.05 against a consensus estimate of -$0.21 in its latest earnings report [2]. - For the current fiscal year, Topgolf Callaway is projected to have an EPS of -$0.16 on revenues of $3.93 billion, reflecting a -169.57% change in EPS and a -7.3% change in revenues [3]. - The next fiscal year forecasts an EPS of -$0.24 on revenues of $3.92 billion, indicating a year-over-year change of -49.11% in EPS and -0.21% in revenues [3]. Valuation Metrics - Despite reaching a 52-week high, the valuation metrics are crucial for assessing potential future performance and whether a pullback is likely [4]. - The Zacks Style Scores indicate that Topgolf Callaway has a Value Score of A, with Growth and Momentum Scores of B and A, respectively, resulting in a combined VGM Score of A [5][6]. Zacks Rank - The stock holds a Zacks Rank of 2 (Buy), driven by rising earnings estimates, which suggests that it meets the criteria for potential further gains [7].

Core Insights - Topgolf Callaway Brands Corp. will have its President and CEO Chip Brewer participate in a virtual fireside chat hosted by Jefferies analyst Randy Konik on November 25 at 9:00 a.m. PT [1] - An accompanying presentation deck will be available on the investor relations website prior to the event, with a replay accessible approximately two hours after the event concludes [2] - Topgolf Callaway Brands is a tech-enabled Modern Golf and active lifestyle company, offering golf equipment, apparel, and entertainment through a portfolio of global brands [3] Company Developments - The company has announced an agreement to sell a majority stake in its Topgolf business to Leonard Green & Partners [5] - Additionally, Topgolf Callaway Brands has extended its long-standing apparel license agreement with Perry Ellis International [6]