Core Viewpoint - Topgolf Callaway Brands Corp. plans to release its third quarter 2024 financial results on November 12, 2024, after market close, followed by a conference call to discuss the results and business outlook [1]. Group 1 - The conference call will begin at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) [1]. - A live webcast and presentation will be available through the Investor Relations section of the Company's website [1]. - A replay of the conference call will be accessible online approximately two hours after the event concludes [2]. Group 2 - Topgolf Callaway Brands Corp. is a tech-enabled Modern Golf and active lifestyle company, offering golf equipment, apparel, and entertainment [3]. - The Company has a diverse portfolio of global brands, including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World Golf Tour (WGT) [3]. - The concept of "Modern Golf" encompasses both on-course and off-course golf experiences, creating a dynamic and inclusive ecosystem [3].

Core Viewpoint - The article emphasizes the importance of value investing and highlights TOPGOLF CALLAWY (MODG) as a strong candidate for value investors due to its favorable financial metrics and strong earnings outlook [2][3][6]. Company Analysis - TOPGOLF CALLAWY (MODG) currently holds a Zacks Rank of 1 (Strong Buy) and has a Value grade of A, indicating it is among the best value stocks available [3]. - The company has a Price-to-Sales (P/S) ratio of 0.42, significantly lower than the industry average P/S of 0.96, suggesting it is undervalued [4]. - MODG's Price-to-Cash Flow (P/CF) ratio stands at 8.31, compared to the industry's average P/CF of 28.38, further indicating its undervaluation [5]. - Over the past 12 months, MODG's P/CF has fluctuated between a high of 14.01 and a low of 5.59, with a median of 8.74, showcasing its solid cash outlook [5]. Investment Metrics - The article highlights that value investors often utilize various metrics, including P/S and P/CF ratios, to identify undervalued stocks, with MODG demonstrating strong performance in these areas [4][5][6]. - The combination of a strong earnings outlook and favorable valuation metrics positions MODG as a compelling investment opportunity for value investors [6].

CARLSBAD, Calif., Oct. 29, 2024 /PRNewswire/ -- Topgolf Callaway Brands (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") is pleased to announce the release of its 2022-2023 Sustainability Report, demonstrating the progress made since its inaugural report. This update reflects the Company's commitment to responsible business practices across four key focus areas: People, Planet, Product, and Procurement.Since its first report, Topgolf Callaway Brands has intensified efforts to minimize its environme ...

Half-price gameplay offer invites Players to 'come play around'DALLAS, Texas, Oct. 24, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Akron on Nov. 8 in the former BigShots Golf Firestone located at 600 Swartz Road, Akron, Ohio. This is the fourth Topgolf location in the state.Topgolf BasicsTopgolf Akron opens on Friday, Nov. 8, in Akron, OhioNever been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have nev ...

Core Insights - Topgolf has officially broken ground on a new two-level venue in New Braunfels Town Center at Creekside, expected to open in late 2025 [1] - The venue will feature 62 outdoor climate-controlled hitting bays, equipped with Toptracer technology to enhance the golfing experience [3] - Approximately 200 Playmakers will be employed at the New Braunfels location, contributing to local job creation [2] Company Overview - Topgolf is a brand under Topgolf Callaway Brands Corp. (NYSE: MODG), known for its modern golf experiences that cater to both novice and experienced players [6] - The company operates over 100 venues globally and aims to hit 50 billion golf balls between 2022 and 2025, showcasing its commitment to expanding the sport [6] Community Impact - Local leaders, including the Mayor of New Braunfels, have expressed enthusiasm for Topgolf's arrival, highlighting its potential to enhance entertainment options and foster community engagement [5] - The venue is part of a larger 400+ acre mixed-use development, indicating a strategic alignment with community growth and lifestyle enhancement [1][5]

Topgolf Callaway Brands (MODG) closed the last trading session at $10.43, gaining 1.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $16.42 indicates a 57.4% upside potential. The average comprises 12 short-term price targets ranging from a low of $10 to a high of $38, with a standard deviation of $7.73. While the lowest estimate indicates a decline of 4.1% from the current price ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on k ...

Core Viewpoint - Topgolf Callaway Brands Corp. (MODG) is strategically enhancing its digital business, particularly through the launch of the Topgolf Shop, aimed at making golf more accessible to beginners [1][2]. Digital Business Focus - The company is leveraging its expertise in golf equipment to create a user-friendly website that assists new players in their golfing journey, featuring gear recommendations and resources for skill enhancement [3]. - MODG plans to expand its product offerings on the Topgolf Shop by the end of 2024, including special edition golf balls and exclusive accessories [4]. Market Position and Growth Potential - MODG believes that investing in digital capabilities will enhance its market share and growth opportunities, with significant investments in technology and talent [5]. - In Q2 2024, MODG's digital sales penetration rose by 50 basis points year-over-year to 35%, indicating positive market trends for its digital offerings [6]. Stock Performance and Challenges - MODG's stock has decreased by 29.6% over the past three months, contrasting with a 20.2% growth in the Zacks Leisure and Recreation Products industry, due to challenges like softer traffic and foreign exchange risks [7]. - Despite these headwinds, the company's focus on digital enhancement and product diversification is expected to support long-term success [7].

The website features golf clubs, balls and accessories for beginner golfers DALLAS, Oct. 3, 2024 /PRNewswire/ -- Topgolf and Topgolf Callaway Brands Corp. (NYSE: MODG) announced today the launch of golf equipment website, Topgolf Shop, geared toward providing beginners and off-course Players with a simple way to purchase entry-level golf equipment. The site marries Topgolf Callaway Brands' expertise in golf equipment with Topgolf's commitment to making the game more accessible and fun for beginner golfers. ...

Half-price gameplay offer invites Players to discover the newest place to play DALLAS, Oct. 3, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Bryan on Oct. 18 in the former BigShots venue located at 400 W. Villa Maria Road in Travis Bryan Midtown Park. This is the first BigShots transition since Topgolf Callaway Brands Corp. acquired four domestic BigShots venues in November 2023. Topgolf Basics Topgolf Bryan opens in Travis Bryan Midtown Park on Oct. 18To ...