Tilray Brands, Inc. (TLRY) Declines More Than Market: Some Information for Investors

Company Performance - Tilray Brands, Inc. (TLRY) closed at $0.87, reflecting a -0.69% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.43% [1] - Over the past month, Tilray's shares have decreased by 22.68%, underperforming the Consumer Staples sector's loss of 0.05% and the S&P 500's gain of 2.6% [1] Earnings Estimates - The upcoming earnings report for Tilray is anticipated to show revenue of$ 214.6 million, representing a 13.94% increase from the same quarter last year [2] - For the entire fiscal year, the Zacks Consensus Estimates project earnings of - $0.20 per share and revenue of$ 905.32 million, indicating changes of +39.39% and +14.75%, respectively, from the prior year [2] Analyst Estimates - Recent adjustments to analyst estimates for Tilray are important as they reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, provides a practical rating system for investors [4] Zacks Rank - Tilray currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Industry Context - The Consumer Products - Staples industry, which includes Tilray, has a Zacks Industry Rank of 90, placing it in the top 36% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]