As Tilray Brands (TLRY) prepares to disclose its quarterly financial results, analysts on Wall Street foresee a projected loss of $0.04 per share, with revenues expected to soar to $200.46 million, marking a substantial 37.7% increase from the same period last year.
Analysts have been closely monitoring Tilray’s anticipated performance, with projections indicating a consistent yearly loss in earnings per share. However, the expected revenue surge reflects a positive trajectory for the company, despite the anticipated shortfall in profitability.
Following the announcement of these anticipated figures, Tilray’s stock is experiencing a decline, reflecting investors’ response to the projected loss in earnings despite the expected revenue growth. At the time of publishing, Tilray Brands, Inc. (TLRY) is showing a decline of 5.41%, with its shares currently trading at $2.535.
Analysts have segmented Tilray’s business into distinct categories, providing insights into the performance expectations for each segment. Projections indicate positive growth across various sectors, suggesting resilience amidst the projected earnings loss.
– Revenues from Cannabis Business: Analysts anticipate revenues of $65.36 million, showcasing a notable 37.5% increase year over year.
– Wellness Business Revenues: Expected to reach $12.61 million, reflecting a 4.9% growth from the previous year.
– Beverage Alcohol Business Revenues: Forecasted to hit $52.90 million, demonstrating a remarkable 156.3% surge compared to the previous year.
– Distribution Business Revenues: Predicted to be $67.56 million, indicating a 3.3% increase year over year.
In addition to revenue projections, analysts are closely monitoring key metrics such as gross profit across Tilray’s various business segments. Insights into these metrics provide a comprehensive understanding of Tilray’s operational performance and profitability expectations.
– Gross Profit for Wellness: Estimated at $3.70 million, slightly lower than the previous year’s value.
– Gross Profit for Beverage: Expected to reach $18.65 million, reflecting a significant increase compared to the previous year.
– Gross Profit for Distribution: Predicted to be $8.05 million, indicating growth from the previous year’s performance.
Despite the projected quarterly loss in earnings, Tilray Brands shares have shown significant movement in the past month, outpacing the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), TLRY is expected to closely follow overall market trends in the near term.
