eziolisi_Investments

ELY --- turning corner?? bottom channel now!

Long
NYSE:ELY   None
ELY --- turning corner?? bottom channel now! --- Today is the DAY for the Earning Report ---- If its favourable - then the stock should shoot up tomorrow with decent gains... as it is currently at the bottom of a DAILY channnel. We see it here in the 2HR window charting pattern. Only positive news is projected --- BUT we shall see in the report this afternoon. IMO. Lets watch......

Callaway Golf Company
ELY up this morning --- at 2.03% --- ELY is estimated to post quarterly loss at $0.24 per share on revenue of $305.30 million. Will it be a surpise and beat it...on the report?
In the same quarter last year, Callaway Golf reported a loss per share of 32 cents on sales of $180.68 million. The analyst consensus estimate would represent a 25% increase in the company's earnings. Good news.

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Comment:
Lets see what the reports say today!!

recent Analyst Price Target on ELY
$27.00
▲ (25 - 31.32% Upside)
Based on 3 analysts offering 12 month price targets for Callaway Golf in the last 3 months. The average price target is $27.00 with a high forecast of $30.00 and a low forecast of $25.00. The average price target represents a 31.32% increase from the last price of $20.56.
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