In the latest trading session, Tilray Brands, Inc. (TLRY - Free Report) closed at $3.05, marking a -1.29% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.38%. Meanwhile, the Dow lost 1.26%, and the Nasdaq, a tech-heavy index, lost 5.67%.
Heading into today, shares of the company had gained 0.65% over the past month, outpacing the Consumer Staples sector's loss of 2.3% and lagging the S&P 500's gain of 3.87% in that time.
Wall Street will be looking for positivity from Tilray Brands, Inc. as it approaches its next earnings report date. In that report, analysts expect Tilray Brands, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 225%. Our most recent consensus estimate is calling for quarterly revenue of $153.08 million, up 0.8% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.33 per share and revenue of $612.18 million, which would represent changes of -17.86% and -2.58%, respectively, from the prior year.
Any recent changes to analyst estimates for Tilray Brands, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.35% higher. Tilray Brands, Inc. is currently a Zacks Rank #4 (Sell).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
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.
To follow TLRY in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
In the latest trading session, Tilray Brands, Inc. (TLRY - Free Report) closed at $3.05, marking a -1.29% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.38%. Meanwhile, the Dow lost 1.26%, and the Nasdaq, a tech-heavy index, lost 5.67%.
Heading into today, shares of the company had gained 0.65% over the past month, outpacing the Consumer Staples sector's loss of 2.3% and lagging the S&P 500's gain of 3.87% in that time.
Wall Street will be looking for positivity from Tilray Brands, Inc. as it approaches its next earnings report date. In that report, analysts expect Tilray Brands, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 225%. Our most recent consensus estimate is calling for quarterly revenue of $153.08 million, up 0.8% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.33 per share and revenue of $612.18 million, which would represent changes of -17.86% and -2.58%, respectively, from the prior year.
Any recent changes to analyst estimates for Tilray Brands, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.35% higher. Tilray Brands, Inc. is currently a Zacks Rank #4 (Sell).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
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.
To follow TLRY in the coming trading sessions, be sure to utilize Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Get the latest research report on TLRY - FREE