Why Tilray Brands, Inc. (TLRY) Dipped More Than Broader Market Today

Company Performance - Tilray Brands, Inc. (TLRY) closed at $0.38, reflecting a -9.07% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.84% [1] - Over the past month, Tilray's shares have decreased by 14.65%, underperforming the S&P 500's gain of 1.44% [1] Upcoming Earnings - The company is expected to report an EPS of -$0.03, indicating a 25% increase from the same quarter last year [2] - Revenue is forecasted to be $254.8 million, representing a 10.84% increase compared to the year-ago quarter [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$1.01 and revenue of $850.75 million, reflecting changes of -206.06% and 0% respectively from the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for the company's near-term business trends [3] Zacks Rank and Industry Performance - The Zacks Rank system, which evaluates estimate changes, currently places Tilray Brands, Inc. at a rank of 3 (Hold) [5] - The Medical - Products industry, part of the Medical sector, has a Zacks Industry Rank of 151, positioning it in the bottom 39% of over 250 industries [6]