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Tilray Brands, Inc. (TLRY) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, Tilray Brands, Inc. (TLRY - Free Report) closed at $1.93, marking a +1.05% move from the previous day. This change outpaced the S&P 500's 0.64% gain on the day. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%.
Heading into today, shares of the company had gained 13.02% over the past month, outpacing the Consumer Staples sector's gain of 0.85% and the S&P 500's gain of 3.82% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Tilray Brands, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2024. Simultaneously, our latest consensus estimate expects the revenue to be $225.65 million, showing a 22.51% escalation compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for Tilray Brands, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Tilray Brands, Inc. presently features 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 164, which puts it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Tilray Brands, Inc. (TLRY) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Tilray Brands, Inc. (TLRY - Free Report) closed at $1.93, marking a +1.05% move from the previous day. This change outpaced the S&P 500's 0.64% gain on the day. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%.
Heading into today, shares of the company had gained 13.02% over the past month, outpacing the Consumer Staples sector's gain of 0.85% and the S&P 500's gain of 3.82% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Tilray Brands, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2024. Simultaneously, our latest consensus estimate expects the revenue to be $225.65 million, showing a 22.51% escalation compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for Tilray Brands, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Tilray Brands, Inc. presently features 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 164, which puts it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.