Callaway Golf (NYSE: ELY) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Callaway Golf beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

Margins grew across the board.

Revenue details
Callaway Golf logged revenue of $287.8 million. The seven analysts polled by S&P Capital IQ foresaw sales of $283.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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

EPS details
EPS came in at $0.33. The seven earnings estimates compiled by S&P Capital IQ averaged $0.21 per share. Non-GAAP EPS of $0.33 for Q1 were 83% higher than the prior-year quarter's $0.18 per share. GAAP EPS of $0.47 for Q1 were 27% higher than the prior-year quarter's $0.37 per share.

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

Margin details
For the quarter, gross margin was 45.3%, 170 basis points better than the prior-year quarter. Operating margin was 13.9%, 410 basis points better than the prior-year quarter. Net margin was 14.5%, 330 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $269.3 million. On the bottom line, the average EPS estimate is $0.12.

Next year's average estimate for revenue is $844.7 million. The average EPS estimate is -$0.03.

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 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Callaway Golf a green thumbs-up, and eight 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 $8.20.

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