Tilray Brands, Inc. (TLRY) closed the latest trading session at $1.89, moving +1.07% from the previous day’s close. The stock’s move was more pronounced than the S&P 500’s daily gain of 0.42%. The Dow, on the other hand, posted a gain of 0.14% and the tech-heavy Nasdaq gained 0.57%.
Year to date, the company’s shares have lost 1.06% over the past month. During the same period, the Consumer Discretionary sector has gained 3.59%, while the S&P 500 has gained 1.77%.
Tilray Brands, Inc.’s upcoming earnings release will be of great interest to investors. The company is expected to report earnings per share of -$0.04, representing growth of 60% from the corresponding quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $214.95 million, up 21.47% from the year-ago quarter.
For the full fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.12 per share and revenue of $901.71 million, representing changes of +63.64% and +14.29%, respectively, from the prior year.
Investors should also pay attention to any recent revisions to analyst estimates for Tilray Brands, Inc. These recent changes typically reflect the evolving nature of near-term business trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.
Our research has shown that these estimate changes are directly correlated with near-term stock price movements. To capitalize on this, we have developed the Zacks Rank, an exclusive model that takes these estimate changes into account and provides an operating rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record, with #1 stocks delivering average annual returns of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.76% higher within the past month. Currently, Tilray Brands, Inc. has a Zacks Rank of #3 (Hold).
The Consumer Packaged Goods industry is part of the Consumer Staples sector. Currently, this industry has a Zacks Industry Rank of 174, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank is ranked from best to worst based on the average Zacks Rank of the individual companies in each of these sectors. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Don’t forget to use Zacks.com to keep an eye on all of these and other stock-moving metrics in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Download the 7 best stocks for the next 30 days today. Click here to get this free report
Tilray Brands, Inc. (TLRY): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks Investment Research
