Tilray Brands, Inc. (NASDAQ:TLRY) reached a final price of $2.70 in the most recent trading session, representing a movement of -0.74% from the previous day. This shift was less severe than the daily loss of 1.03% in the S&P 500. In the meantime, the Dow fell by 1.11 percent, while the Nasdaq, which is focused on technology, fell by 0.06%.
A month ago, shares of the firm were down 28.98%, which was worse than the loss of 7.98% that the Consumer Staples sector had and the loss of 10.4% that the S&P 500 experienced during the same period.
TLRY Stock Gains and Losses
As Tilray Brands, Inc. (NASDAQ:TLRY) approaches the date of its following earnings report, which is anticipated to be on October 7, 2022, investors will be looking for the company to show signs of strength. It is anticipated that the firm will announce EPS of $0.06, a 25% increase from the same quarter one year ago. Meanwhile, our most recent average estimate calls for sales of $155.69 million, a decrease of 7.34% compared to the same quarter in the prior year.
According to the latest projections provided by Zacks Consensus Estimates, TLRY will finish the year with a loss of $0.22 per share and sales of $652.08 million. These figures would reflect changes of +21.43% and +3.77%, respectively, compared to the previous year’s numbers.
Potential investors in Tilray Brands, Inc. (NASDAQ:TLRY) may also have noticed recent adjustments to analyst estimates for the company.
Short-term business trends are constantly shifting, and these latest modifications reflect that. As a consequence of this, optimistic estimate revisions show the analysts’ favorable outlook for the company’s operations and profitability.
We feel that these estimate adjustments are closely tied to near-term stock movements based on the study that we have conducted. To make use of this, we have established the Zacks Rank, a proprietary methodology that gives an actionable grading system that considers changes in the estimates that have been provided.
The Zacks Rank system has a proven, independently audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Rank system runs from #1 (Strong Buy) to #5 (Strong Sell). The Zacks Rank system can be found here. The Zacks Consensus Estimate of earnings per share has not changed at all during the past month. The Zacks Rank for Tilray Brands, Inc. (NASDAQ:TLRY) is at #3 at the moment (Hold).
The Consumer Staples sector includes the Consumer Products – Staples industry as one of its sub-sectors. This organization is ranked 191 out of more than 250 different industries by Zacks, which places it in the worst 25% of all of those industries.
The strength of our industry groupings is evaluated using the Zacks Industry Rank, which does so by calculating the average Zacks Rank of the individual stocks that are contained inside the groups. According to the findings of our research, the industries that received ratings in the top 50% do much better than those that received ratings in the bottom 50%.
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