Company Performance - Topgolf Callaway Brands reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of a loss of $0.04 per share, and up from earnings of $0.09 per share a year ago [1] - The earnings surprise for the quarter was 375%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - The company posted revenues of $1.09 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.10%, although this represents a decline from year-ago revenues of $1.14 billion [3] Stock Performance and Outlook - Topgolf Callaway shares have declined approximately 6.6% since the beginning of the year, compared to a decline of 3.8% for the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $1.12 billion, while the estimate for the current fiscal year is -$0.51 on revenues of $4.05 billion [8] Industry Context - The Leisure and Recreation Products industry, to which Topgolf Callaway belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges for stock performance [9] - The performance of Topgolf Callaway may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9]