Tilray Brands Sees EPS and Revenue Growth Ahead of Earnings

A recent report highlights Tilray Brands, Inc.'s expected financial results, indicating a potential recovery in EPS, along with marked revenue growth. With current estimates signaling analyst optimism, investors are keenly watching the company's upcoming financial release for stock implications.

Date: 11-09-2024

AI Rating: 6

Tilray Brands, Inc. (TLRY) closed at $1.70 with no change from the previous trading session, slightly lagging behind the S&P 500's gain of 0.45%. Over the past month, the stock has decreased by 4.76%, underperforming both the Consumer Staples sector (up 4.88%) and the S&P 500 (up 2.54%).

The upcoming financial release is crucial, as Tilray is expected to report an EPS (Earnings Per Share) of -$0.04, which would represent a substantial improvement of 60% from the prior year’s quarter. Additionally, the revenue for the quarter is estimated at $214.95 million, reflecting a 21.47% increase from the same period last year.

For the full fiscal year, Zacks Consensus Estimates anticipate earnings of -$0.12 per share and a total revenue of $901.71 million, marking year-over-year changes of +63.64% and +14.29%, respectively. These figures suggest a potentially positive trend in Tilray’s operational performance, despite the negative EPS.

Investors are also advised to monitor changes in analyst estimates, which often reflect shifts in business prospects. Positive updates typically indicate analyst confidence in growth and profitability. The current Zacks Rank for Tilray is #3 (Hold), indicating a neutral outlook, but the stability of recent EPS estimates may signal cautious optimism.

The company operates within the Consumer Products - Staples industry, which currently ranks low within the S&P with a Zacks Industry Rank of 168, placing it within the bottom 34% of over 250 industries. This rank suggests limited growth potential relative to stronger industries, highlighting the competitive challenges faced by the company.

Stocks: TLRY