In the latest market close, Tilray Brands, Inc. (TLRY) reached $0.69, with a +1.57% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 1.22% for the day. Elsewhere, the Dow lost 1.55%, while the tech-heavy Nasdaq lost 0.35%.

Prior to today's trading, shares of the company had lost 30.97% over the past month. This has lagged the Consumer Staples sector's gain of 7% and the S&P 500's loss of 2.31% in that time.

Analysts and investors alike will be keeping a close eye on the performance of Tilray Brands, Inc. in its upcoming earnings disclosure. Meanwhile, the latest consensus estimate predicts the revenue to be $214.6 million, indicating a 13.94% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.20 per share and revenue of $905.32 million, which would represent changes of +39.39% and +14.75%, respectively, from the prior year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Tilray Brands, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Tilray Brands, Inc. possesses a Zacks Rank of #3 (Hold).

The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 142, positioning it in the bottom 44% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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Tilray Brands, Inc. (TLRY) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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