Tilray Brands, Inc. (TLRY) closed at $3.39 in the latest trading session, marking a +0.3% move from the prior day. This change outpaced the S&P 500's 1.13% loss on the day. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the company had lost 16.65% over the past month, lagging the Consumer Staples sector's loss of 5.19% and the S&P 500's loss of 7.59% in that time.
Wall Street will be looking for positivity from Tilray Brands, Inc. as it approaches its next earnings report date. On that day, Tilray Brands, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 25%. Our most recent consensus estimate is calling for quarterly revenue of $156.54 million, down 6.83% from the year-ago period.
TLRY's full-year Zacks Consensus Estimates are calling for earnings of -$0.22 per share and revenue of $653.38 million. These results would represent year-over-year changes of +21.43% and +3.98%, respectively.
It is also important to note the recent changes to analyst estimates for Tilray Brands, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Tilray Brands, Inc. currently has a Zacks Rank of #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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