Callaway Golf (NYSE: ELY) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Callaway Golf's revenues will drop -12.5% and EPS will remain in the red.

The average estimate for revenue is $151.7 million. On the bottom line, the average EPS estimate is -$0.41.

Revenue details
 Last quarter, Callaway Golf booked revenue of $281.1 million. GAAP reported sales were 2.7% higher than the prior-year quarter's $273.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS shrank to zero from the prior-year quarter's -$0.96.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 39.7%, 10 basis points better than the prior-year quarter. Operating margin was 3.8%, 340 basis points better than the prior-year quarter. Net margin was 1.0%, 2,260 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $851.2 million. The average EPS estimate is -$0.62.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 230 members out of 279 rating the stock outperform, and 49 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Callaway Golf a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Callaway Golf is outperform, with an average price target of $8.17.

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