Tilray Brands, Inc. (TLRY) stock fell 1.19% in latest session, underperforming market

In the latest trading session, Tilray Brands, Inc. (TLRY) closed at $1.66, down 1.19%. The stock underperformed the S&P 500’s 0.16% loss, with the Nasdaq dropping 0.3% and the Dow gaining 0.09%. Over the past month, TLRY shares decreased by 7.18%, lagging behind the Consumer Staples sector and S&P 500 gains.

Investors await Tilray Brands, Inc.’s upcoming earnings report, with projected EPS of -$0.04, a 60% increase from the previous year. Revenue estimates forecast $214.95 million, a 21.47% rise. Analysts also revised estimates, potentially signaling positive momentum. The Zacks Rank system, with TLRY currently at #3 (Hold), indicates potential stock performance.

The Consumer Products – Staples industry, in the Consumer Staples sector, has a Zacks Industry Rank of 166, placing it in the bottom 35% of industries. Industries in the top 50% outperform the lower half by 2 to 1. Investors can track these metrics on Zacks.com for informed trading decisions.

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Read more at Nasdaq: Here’s Why Tilray Brands, Inc. (TLRY) Fell More Than Broader Market