In the latest trading session, Tilray, Inc. (TLRY) closed at $51.95, marking a +1.21% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.75%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.57%.
Heading into today, shares of the company had lost 19.46% over the past month, lagging the Medical sector’s loss of 4.67% and the S&P 500’s gain of 4% in that time.
Investors will be hoping for strength from TLRY as it approaches its next earnings release, which is expected to be May 14, 2019.
TLRY’s full-year Zacks Consensus Estimates are calling for earnings of -$1 per share and revenue of $214.95 million. These results would represent year-over-year changes of -75.44% and +398.38%, respectively.
Investors should also note any recent changes to analyst estimates for TLRY. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.57% lower. TLRY is currently sporting a Zacks Rank of #4 (Sell).
The Medical – Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Tilray, Inc. (TLRY) : Free Stock Analysis Report
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