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Tilray Brands, Inc. (TLRY) Laps the Stock Market: Here's Why
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Tilray Brands, Inc. (TLRY - Free Report) ended the recent trading session at $1.81, demonstrating a +0.56% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.03%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.2%.
Coming into today, shares of the company had lost 6.74% in the past month. In that same time, the Consumer Staples sector gained 4.12%, while the S&P 500 gained 1.54%.
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 -$0.05, signifying a 50% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $216.47 million, indicating a 22.33% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.16 per share and a revenue of $901.62 million, demonstrating changes of +51.52% and +14.28%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Tilray Brands, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed a 28% decrease. Tilray Brands, Inc. is currently a Zacks Rank #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 89, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Tilray Brands, Inc. (TLRY) Laps the Stock Market: Here's Why
Tilray Brands, Inc. (TLRY - Free Report) ended the recent trading session at $1.81, demonstrating a +0.56% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.03%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.2%.
Coming into today, shares of the company had lost 6.74% in the past month. In that same time, the Consumer Staples sector gained 4.12%, while the S&P 500 gained 1.54%.
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 -$0.05, signifying a 50% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $216.47 million, indicating a 22.33% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.16 per share and a revenue of $901.62 million, demonstrating changes of +51.52% and +14.28%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Tilray Brands, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed a 28% decrease. Tilray Brands, Inc. is currently a Zacks Rank #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 89, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.