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Wed, February 8 at 8:00PM ET

Is TLRY Stock a Buy After Earnings? 3 Analysts Weigh In.

Investors are wondering if Tilray (NASDAQ:TLRY) stock is a buy after the release of the marijuana company’s earnings report for its fiscal third quarter of 2022.

Closeup of mobile phone screen with logo lettering of cannabinoid company tilray cannabis, blurred marijuana and pipette background representing TLRY stock.

Source: Ralf Liebhold / Shutterstock.com

Going over that earnings report real quick, results were mixed for Tilray. The company reported diluted earnings per share of 9 cents, which easily beat Wall Street’s estimate of -8 cents. However, the cannabis company’s revenue of $151.87 million comes in below analysts’ estimate of $156.64 million.

Keeping those earnings results in mind, let’s take a look at the most recent analyst ratings covering TLRY stock below!

Is TLRY Stock a Buy After Earnings?

For the sake of comparison, the consensus rating for TLRY stock is “hold.” This comes from three “buy” ratings, eight “hold” ratings, and a single “sell” rating for the shares. In addition to that, the consensus price target is sitting at $10, which represents a potential 46.7% upside from yesterday’s close.

TLRY stock is seeing heavy trading today following its earnings report. As of this writing, more than 104 million shares have changed hands. That’s well above its daily average trading volume of 33 million shares.

TLRY stock is up 4.1% as of Wednesday afternoon.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Read More:Penny Stocks — How to Profit Without Getting Scammed

Article printed from InvestorPlace Media, https://investorplace.com/2022/04/is-tlry-stock-a-buy-after-earnings-3-analysts-weigh-in/.

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