Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Callaway Golf Company (CALY)
NYSEConsumer DiscretionaryLeisureSnapshot 2026-11-04
$15.92-4.10%
Close 2026-11-05 · 1-day change
NYSEConsumer DiscretionaryLeisureSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.90 → 0.90 EPS · FY ending Dec 31, 2027 · 7 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 7 to 7; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for CALY yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Positive cash flow from operations | A supporting condition in Callaway Golf Company's published investment case. The stated target is Cash flow from operations >= $0 in next 4 quarters. | Intact | Cash flow remains negative over next 4 quarters | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 5, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a growth and profitability-improvement story, with management also reducing debt. The multi-year view remains intact, though earnings quality is fragile and risk has recently moved from moderate to elevated.
Valuation is tagged as stretched, and CALY carries a 31% premium versus peers. The evidence points to some room for expectations to change through a re-rating, but it does not specify what level of future growth is already assumed.
Near term, management’s stated priorities are on track: revenue has grown year over year, gross margin rose to 50.1% in 2026-Q2, and debt has been reduced. Guidance was raised as of 2026-08-04, but a later cut would damage credibility; recent performance is holding in the top half of the industry, while the overall near-term miss risk is described as low.
Over the next one to three years, the thesis depends on continued revenue growth, margin progress, and disciplined debt reduction despite tariff headwinds. Sector signals are another swing factor: continued strength from bellwethers could support the backdrop, while misses or lower guidance could weaken it.
The multi-year view remains intact, supported by improving revenue and margins, but elevated risk, fragile earnings quality, and stretched valuation make execution and guidance credibility important. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Callaway Golf Company's published investment case. The stated target is Operating income >= $138 million in Q1 2026. |
| Improving |
| Operating income falls below $100 million in Q1 2026 |
Operating income: $114.8M FY2026-Q2; GAAP. Published target: Operating income >= $138 million in Q1 2026. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 4, 2026114,800,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue growth to meet or exceed guidance | A primary condition in Callaway Golf Company's published investment case. The stated target is ~$2.06 billion in revenue for FY 2026. | Intact | Revenue falls below $1.9 billion in 2026 | Revenue: $612.2M FY2026-Q2; GAAP. Published target: ~$2.06 billion in revenue for FY 2026. Target period ends 2026-12-31; this observation covers 2026-Q2. Aug 4, 2026612,200,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 3 supplied quarters. Management reported: “• Raises full year 2026 Adjusted EBITDA outlook to $246 million - $260 million with a revised net sales outlook of $2.045 billion - $2.070 billion.” “• Increasing full year 2026 net sales outlook to $2.015 billion - $2.070 billion and Adjusted EBITDA outlook to $211 million - $233 million.” Revenue was $687.500 million in 2026-Q1. Delivery assessment Nov 2, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.79 → $0.90 · observed estimates
$2.13B → $2.13B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-25 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-26 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-27 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-28 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-29 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-30 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-07-31 | $0.79 | $2,134,031,887 | 6 / 9 |
| 2026-08-01 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-08-02 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-08-03 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-08-04 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-08-05 | $0.79 | $2,134,005,960 | 10 / 11 |
| 2026-08-06 | $0.87 | $2,135,542,280 | 10 / 11 |
| 2026-08-07 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-08 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-09 | $0.87 | $2,136,354,580 | 10 / 11 |
| 2026-08-10 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-11 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-12 | $0.87 | $2,136,354,580 | 10 / 11 |
| 2026-08-13 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-14 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-15 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-16 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-17 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-18 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-19 | $0.89 | $2,136,354,984 | 6 / 9 |
| 2026-08-20 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-21 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-22 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-23 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-24 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-25 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-26 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-27 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-28 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-29 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-30 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-08-31 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-09-01 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-09-02 | $0.89 | $2,136,354,984 | 7 / 9 |
| 2026-09-03 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-04 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-05 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-06 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-07 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-08 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-09 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-10 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-11 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-12 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-13 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-14 | $0.88 | $2,135,536,803 | 7 / 9 |
| 2026-09-15 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-16 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-17 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-18 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-19 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-20 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-21 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-22 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-23 | $0.90 | $2,131,095,119 | 7 / 9 |
| 2026-09-24 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-09-25 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-09-26 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-09-27 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-09-28 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-09-29 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-09-30 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-01 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-02 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-03 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-04 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-05 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-06 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-07 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-08 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-09 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-10 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-11 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-12 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-13 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-14 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-15 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-16 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-17 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-18 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-19 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-20 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-21 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-22 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-23 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-24 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-25 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-26 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-27 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-28 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-29 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-30 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-10-31 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-11-01 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-11-02 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-11-03 | $0.90 | $2,132,165,226 | 7 / 9 |
| 2026-11-04 | $0.90 | $2,132,165,226 | 7 / 9 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 5 Buy / Strong Buy · 5 Hold · 1 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.