Bull Of The Day: DriveShack (DS)
Drive Shack (DS) is a Zacks Rank #2 (Buy) and it is in the spotlight as the weather starts to improve. The idea is that this driving range is the competitor to Top Golf, and if Calloway's (ELY) earnings tell us anything, it is that this concept works. Today, Drive Shack is the Bull of the Day.
Drive Shack Inc.is the owner and operator of golf-related leisure and entertainment businesses. The services offered by the company comprise Drive Shack which is engaged in developing innovative golf entertainment venues, American Golf and Real Asset related assets.
As I look at the Zacks website and the detailed estimates page, I see that there have been 2 misses in a row and that was preceeded by a beat. Earnings are coming again soon, but my calendar said that it should have happened on Friday. Just something to be aware of.
So there isn't a whole lot of movement here, but what I do see is a reduction of the loss of 2019 moving from 40 cents to 28 cents over the last 60 days. That is enough to get this stock to a Zacks Rank #2 (Buy).
Tiger And Better Weather
Tiger Woods won the Masters a few weeks back and that has been the driving force behind a lot more golfers hitting the links again. At least some of those golfer are serious about it and they will hit the driving range first, and the more interactive the better.
The weather was bad in many parts of the country following the Masters, but that seems to be over as we head into summer. Just going to any driving range will not translate into revenue for DS, but as we see Top Golf continue to do well, it stands to reason that this property should follow along.
Drive Shack Inc. Price and Consensus
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