Tilray Brands, Inc. (TLRY) Stock Drops Despite Market Gains: Important Facts to Note

Tilray Brands, Inc. (TLRY) concluded the latest trading day at $0.66, reflecting a decrease of -0.78% from the previous session. This decline is notable as it lagged behind the overall gains in the market, with the S&P 500 showing an increase of 0.55%. In comparison, the Dow Jones Industrial Average experienced a further uptick of 1.01%, while the technology-centric Nasdaq index faced a slight dip of 0.14%.

Over the past month, shares of Tilray have experienced a notable decrease of 9.84%. This decline positions the company behind the Consumer Staples sector, which recorded a modest gain of 0.24%, and the broader S&P 500, which saw a loss of 6.22%.

Investors are particularly keen on the upcoming earnings report for Tilray Brands, which is scheduled for April 8, 2025. Market analysts anticipate the company will report revenue of approximately $211.7 million, marking a 12.4% growth compared to the same period last year.

For the fiscal year, the Zacks Consensus Estimates predict an earnings loss of -$0.19 per share alongside projected revenue of $904.53 million. These figures suggest growth rates of +42.42% and +14.65%, respectively, when juxtaposed with the previous year’s performance.

Investors should remain attentive to any recent updates from analysts regarding their estimates for Tilray Brands. Adjustments to these estimates often reflect the latest trends in the company’s business performance. Positive revisions generally indicate that analysts are optimistic about the company's potential for profit and growth.

Research shows a direct correlation between changes in analyst estimates and forthcoming stock price movements. To leverage this phenomenon, the Zacks Rank system classifies stocks from #1 (Strong Buy) to #5 (Strong Sell), offering a clear rating model for investors. Historically, #1 rated stocks have provided an impressive average annual return of +25% since 1988. Over the last month, the Zacks Consensus EPS estimate for Tilray Brands has increased by 3.39%, placing the company on a Zacks Rank of #3 (Hold).

Tilray operates within the Consumer Products - Staples industry, which falls under the broader Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 160, indicating it ranks in the lower 37% of over 250 industries evaluated.

The Zacks Industry Rank assesses the strength of different industry groups based on the average Zacks Rank of their constituent stocks. Historical data suggests that industries in the top 50% tend to outperform the bottom half at a ratio of 2 to 1.

To stay updated on these and other key stock metrics in the upcoming trading sessions, be sure to apply Zacks.com.

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