Market Performance - Tilray Brands, Inc (TLRY) closed at $1 45 with a -0 68% movement compared to the previous day lagging behind the S&P 500's 1 26% gain the Dow's 0 8% gain and the Nasdaq's 1 77% gain [1] - Over the previous month TLRY shares gained 12 31% outperforming the Consumer Staples sector's loss of 6 03% and the S&P 500's loss of 2 82% [1] Earnings and Revenue Estimates - The company is expected to release earnings on January 10 2025 with a Zacks Consensus Estimate for revenue of $218 22 million up 12 62% from the year-ago period [2] - For the entire fiscal year the Zacks Consensus Estimates predict earnings of -$0 14 per share and revenue of $908 93 million indicating year-over-year changes of +57 58% and +15 21% respectively [3] Analyst Estimate Revisions - Recent changes to analyst estimates for Tilray Brands Inc reflect short-term business trends with positive revisions indicating optimism about the company's business outlook [4] - These estimate alterations are directly linked to near-term stock price performance [5] Industry Ranking - The Consumer Products - Staples industry part of the Consumer Staples sector has a Zacks Industry Rank of 73 placing it in the top 30% of all 250+ industries [6] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6] Zacks Rank System - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell) with 1 rated stocks producing an average annual return of +25% since 1988 [7] - Over the past month the Zacks Consensus EPS estimate for Tilray Brands Inc has shifted 2 33% upward and the company currently holds a Zacks Rank of 3 (Hold) [7]
Tilray Brands, Inc. (TLRY) Stock Sinks As Market Gains: Here's Why