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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 the most recent trading day at $2.87, moving +1.06% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 5.2%.
Heading into today, shares of the company had lost 8.39% over the past month, lagging the Consumer Staples sector's of 0% and the S&P 500's gain of 0.67% in that time.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.05, down 225% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $153.08 million, up 0.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.33 per share and revenue of $612.18 million. These totals would mark changes of -17.86% and -2.58%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Tilray Brands, Inc.These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate has moved 2.35% higher within the past month. Tilray Brands, Inc. is currently a Zacks Rank #4 (Sell).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 41% 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.
You can find more information on all of these metrics, and much more, on 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 the most recent trading day at $2.87, moving +1.06% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 5.2%.
Heading into today, shares of the company had lost 8.39% over the past month, lagging the Consumer Staples sector's of 0% and the S&P 500's gain of 0.67% in that time.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.05, down 225% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $153.08 million, up 0.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.33 per share and revenue of $612.18 million. These totals would mark changes of -17.86% and -2.58%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Tilray Brands, Inc.These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate has moved 2.35% higher within the past month. Tilray Brands, Inc. is currently a Zacks Rank #4 (Sell).
The Consumer Products - Staples industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 41% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.