Tuesday, October 25, 2011

Earnings Look Ahead: In 3 Days Callaway Golf Releases its Quarterly Numbers (ELY)


In 3 days the average analyst expectation is for Callaway Golf (NYSE:ELY) to report a loss of $0.19 per share on sales of $173.6 million. For the full year, analysts expect the company to post a loss of $0.31. Callaway Golf reported a loss of $0.28 per share a year ago, on sales of $175.6 million. In the previous quarter, the company reported losses of $0.01 per share, topping consensus estimates for a loss of $0.02.

Callaway Golf Company designs, develops, manufactures, and markets golf clubs, which are sold to both average and skilled golfers. The Company's products include titanium drivers, fairway woods, irons, wedges, and various putters. Callaway's products are sold under brand names such as Big Bertha, Hawk Eye, and Odyssey.

Over the past year, Callaway Golf has traded in a range of $4.70 to $8.48 and is now at $5.The discount golf clubs USA edition looks very simple. These pair of sneaker features a white leather on the upper part with some red accents on the piping and outsole65, 20% Its simple to show off the uniqueness of your personality by trying something pleasant and striking. Wearing a nicely Sonography with a reputed brand name printed on it is surely going to compel most of your fellows to adore your sense of fashion and styleabove that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1%.

Potential upside of 50.4% exists for Callaway Golf, based on a current level of $5.65 and analysts' average consensus price target of $8.50. The stock should hit resistance at its 200-day moving average (MA) of $6.59, as well as support at its 50-day MA of $5.51.

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