Tilray Brands, Inc. (TLRY) Outpaces Stock Market Gains Tilray Brands, Inc. (TLRY) closed at $3.54 in the latest trading session, marking a +1.72% move from the prior day. This change outpaced the S&P 500's 1.43% gain on the day. Meanwhile, the Dow gained 1.58%, and the Nasdaq, a tech-heavy index, added 0.03%.
Coming into today, shares of the company had lost 16.75% in the past month. In that same time, the Consumer Staples sector gained 6.55%, while the S&P 500 gained 5.12%.
Tilray Brands, Inc. will be looking to display strength as it nears its next earnings release. Meanwhile, our latest consensus estimate is calling for revenue of $159.07 million, up 2.53% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.24 per share and revenue of $649.61 million, which would represent changes of +14.29% and +3.38%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tilray Brands, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum.