Tilray Brands, Inc. (TLRY) experienced a positive trading session, closing at $1.89, which represented a 1.07% increase from the previous day’s close. This adjustment outperformed the S&P 500’s daily gain of 0.42%, while the Dow and Nasdaq also saw increases of 0.14% and 0.57%, respectively.
Over the past month, Tilray’s stock had declined by 1.06%, while the Consumer Staples sector saw a gain of 3.59% and the S&P 500 increased by 1.77%. Looking ahead, investors are eagerly anticipating the upcoming earnings release from Tilray Brands, Inc. Analysts are predicting an EPS of -$0.04, reflecting a 60% growth compared to the same quarter last year. Revenue is expected to reach $214.95 million, up 21.47% from the previous year.
For the entire fiscal year, Zacks Consensus Estimates forecast earnings of -$0.12 per share and revenue of $901.71 million, indicating increases of 63.64% and 14.29%, respectively, from the previous year. It is important for investors to pay attention to any recent adjustments to analyst estimates for Tilray Brands, Inc., as these revisions can provide insight into short-term business trends and overall optimism about the company’s future.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a proven track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Tilray Brands, Inc. currently holds a Zacks Rank of #3 (Hold), indicating a neutral outlook.
The Consumer Products – Staples industry, to which Tilray belongs, is part of the Consumer Staples sector and currently holds a Zacks Industry Rank of 174, placing it in the bottom 32% of all industries. Research shows that industries in the top 50% rated by Zacks outperform those in the bottom half by a factor of 2 to 1.
Investors can utilize Zacks.com to stay informed about stock-moving metrics and other important factors affecting Tilray Brands, Inc. and the market as a whole. By staying informed and monitoring changes in analyst estimates, investors can make more informed decisions about their investments.
In conclusion, the trading session for Tilray Brands, Inc. showed positive movement, and with the upcoming earnings release and analyst estimates in mind, investors have valuable information to consider when making investment decisions. Keeping track of industry rankings and utilizing tools like the Zacks Rank can help investors navigate the market and potentially capitalize on opportunities for growth.
