Callaway Golf Company (ELY) Social Stream

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$ELY this is selling at a trailing twelve months P/E of 10.5

The thing that confuses me though is why do analysts have estimates of their next year EPS of $0.32 ???

The last twelve months their EPS has tallied $2.79 per share and analysts are predicting this is going to go down $2.47? With top golf? How does that make any sense?