Tilray Brands, Inc. (TLRY - Free Report) closed at $2.53 in the latest trading session, marking a +0.4% move from the prior day. This change lagged the S&P 500's 1.44% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 5.21%.
Prior to today's trading, shares of the company had lost 7.01% over the past month. This has lagged the Consumer Staples sector's gain of 2.41% and the S&P 500's gain of 2.28% in that time.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be April 10, 2023. The company is expected to report EPS of -$0.05, down 225% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $149.66 million, down 1.45% from the prior-year quarter.
TLRY's full-year Zacks Consensus Estimates are calling for earnings of -$0.33 per share and revenue of $605.39 million. These results would represent year-over-year changes of -17.86% and -3.66%, respectively.
Any recent changes to analyst estimates for Tilray Brands, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 94, putting it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Tilray Brands, Inc. (TLRY - Free Report) closed at $2.53 in the latest trading session, marking a +0.4% move from the prior day. This change lagged the S&P 500's 1.44% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 5.21%.
Prior to today's trading, shares of the company had lost 7.01% over the past month. This has lagged the Consumer Staples sector's gain of 2.41% and the S&P 500's gain of 2.28% in that time.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be April 10, 2023. The company is expected to report EPS of -$0.05, down 225% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $149.66 million, down 1.45% from the prior-year quarter.
TLRY's full-year Zacks Consensus Estimates are calling for earnings of -$0.33 per share and revenue of $605.39 million. These results would represent year-over-year changes of -17.86% and -3.66%, respectively.
Any recent changes to analyst estimates for Tilray Brands, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 94, putting it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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