TILRAY (TLRY)
EARNINGS RELEASE - AUGUST 10 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.27/share REV: 55.02/M
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LAST QTR: EPS: -.45/share ACTUAL: -1.73/share (MISS)
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NEXT QTR: EPS: -.24/share REV: 60.15/M
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FULL YR: EPS: -2.27/share REV: 237.68/M
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BEAT/MISS RECORD: 14% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -8.66, -15.3, -3.01
EXPECTED JUMP MOVE THIS QUARTER: 10-12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
AdvisorShares Pure US Cannabis ETF (MSOS) has been surging in popularity with its assets growing more than 40,000% in just six months.
The latest cannabis company to turn a profit was Tilray (NASDAQ: TLRY), achieving that mark earlier than both Aurora Cannabis (NYSE: ACB) and Canopy Growth (NASDAQ: CGC). Let’s take a look at what changed for Tilray this quarter and whether it is a better buy than two of its key rivals. Tilray comes through on its promise — but should investors be impressed?
Following a more than one-year downtrend, there’s no longer any doubt about it: Marijuana stocks are back in a big way. The excitement surrounding pot stocks was readily evident when analyzing their monthly returns in February. Whereas the benchmark S&P 500 ended last month higher by 2.6%, 10 marijuana stocks crossed the finish line with a gain of at least 20%.
Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) expect to close their planned merger in the second quarter of this year. Both cannabis stocks have been big winners so far in 2021 in anticipation of the combination of the two companies. Aphria’s shares are up over 170%, while Tilray stock has more than tripled year to date.
Canopy Growth launched CBD beverages in the U.S. on Tuesday. Canopy Growth stock rose while other marijuana stocks were mixed.
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| Avg Daily Volume: 9,055,059 Market Cap: 946.45M Sector: Consumer Durables Short Interest: 19.43 |
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