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Tilray Brands, Inc. (TLRY) Outpaces Stock Market Gains: What You Should Know
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Tilray Brands, Inc. (TLRY - Free Report) closed at $3.54 in the latest trading session, marking a +1.72% move from the prior day. This change outpaced the S&P 500's 1.43% gain on the day. Meanwhile, the Dow gained 1.58%, and the Nasdaq, a tech-heavy index, added 0.03%.
Coming into today, shares of the company had lost 16.75% in the past month. In that same time, the Consumer Staples sector gained 6.55%, while the S&P 500 gained 5.12%.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release. Meanwhile, our latest consensus estimate is calling for revenue of $159.07 million, up 2.53% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.24 per share and revenue of $649.61 million, which would represent changes of +14.29% and +3.38%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tilray Brands, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Tilray Brands, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow TLRY in the coming trading sessions, be sure to utilize Zacks.com.
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Tilray Brands, Inc. (TLRY) Outpaces Stock Market Gains: What You Should Know
Tilray Brands, Inc. (TLRY - Free Report) closed at $3.54 in the latest trading session, marking a +1.72% move from the prior day. This change outpaced the S&P 500's 1.43% gain on the day. Meanwhile, the Dow gained 1.58%, and the Nasdaq, a tech-heavy index, added 0.03%.
Coming into today, shares of the company had lost 16.75% in the past month. In that same time, the Consumer Staples sector gained 6.55%, while the S&P 500 gained 5.12%.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release. Meanwhile, our latest consensus estimate is calling for revenue of $159.07 million, up 2.53% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.24 per share and revenue of $649.61 million, which would represent changes of +14.29% and +3.38%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tilray Brands, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Tilray Brands, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow TLRY in the coming trading sessions, be sure to utilize Zacks.com.