We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tilray Brands, Inc. (TLRY) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Tilray Brands, Inc. (TLRY - Free Report) closed the most recent trading day at $1.95, moving +1.56% from the previous trading session. This move lagged the S&P 500's daily gain of 1.61%. Elsewhere, the Dow saw an upswing of 1.39%, while the tech-heavy Nasdaq appreciated by 2.34%.
The the stock of company has risen by 1.05% in the past month, lagging the Consumer Staples sector's gain of 3.21% and overreaching the S&P 500's loss of 2.88%.
Investors will be eagerly watching for the performance of Tilray Brands, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.04, signifying a 60% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $214.95 million, indicating a 21.47% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.12 per share and a revenue of $900.03 million, indicating changes of +63.64% and +14.08%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Tilray Brands, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has shifted 4.76% upward. At present, Tilray Brands, Inc. boasts a Zacks Rank of #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 188, this industry ranks in the bottom 26% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tilray Brands, Inc. (TLRY) Gains But Lags Market: What You Should Know
Tilray Brands, Inc. (TLRY - Free Report) closed the most recent trading day at $1.95, moving +1.56% from the previous trading session. This move lagged the S&P 500's daily gain of 1.61%. Elsewhere, the Dow saw an upswing of 1.39%, while the tech-heavy Nasdaq appreciated by 2.34%.
The the stock of company has risen by 1.05% in the past month, lagging the Consumer Staples sector's gain of 3.21% and overreaching the S&P 500's loss of 2.88%.
Investors will be eagerly watching for the performance of Tilray Brands, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.04, signifying a 60% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $214.95 million, indicating a 21.47% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.12 per share and a revenue of $900.03 million, indicating changes of +63.64% and +14.08%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Tilray Brands, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 past month, the Zacks Consensus EPS estimate has shifted 4.76% upward. At present, Tilray Brands, Inc. boasts a Zacks Rank of #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 188, this industry ranks in the bottom 26% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.