Tilray Inc's recent earnings report has sent shockwaves through the market, revealing a significant miss on EPS estimates.
On July 28, 2026, Tilray Inc (TLRY.TO) reported its fiscal Q2 results for the period ending May 31, 2026. The earnings release came after market close and showed disappointing performance, with the company posting an earnings per share (EPS) of $0.05, far below the consensus estimate of $0.21. This marks a surprise of -76.19%, raising concerns among investors about the company's growth trajectory in a competitive cannabis market.
Recent earnings trend
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Tilray Inc
TLRY.TO
TLRY.TO
Tilray Inc
WealthAwesomeMarket cap
$863.53M
52W high
$32.30
52W low
$5.19
1W change
+15.48%
Beta
1.90
Analyst Price Targets
Based on analyst covering TLRY
Wall Street analysts forecast TLRY stock price to rise 20.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$7.64
+20.4% Upside
Current Price
C$6.34
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TLRY's historical volatility
30-Day Vol
45.4%
Annualized
90-Day Vol
55.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$5.30
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$5.97 | C$5.11 – C$6.99 |
| 60 trading days | C$5.63 | C$4.51 – C$7.02 |
| 90 trading days | C$5.30 | C$4.04 – C$6.96 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-05-31 | 2026-07-28 | 0.0500 | 0.2100 | -76.2% |
| 2026-02-28 | 2026-04-01 | 0.0200 | 0.0700 | -71.4% |
| 2025-11-30 | 2026-01-08 | -0.0200 | — | — |
| 2025-08-31 | 2025-10-09 | -0.0004 | -0.0300 | +98.7% |
| 2025-05-31 | 2025-07-28 | 0.0200 | 0.0100 | +100.0% |
| 2025-02-28 | 2025-04-08 | -0.8700 | -0.3300 | -163.6% |
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Investor takeaway: Investors should note Tilray's earnings miss, especially given its recent trend of inconsistent performance. While the company has shown potential in previous quarters, the latest results highlight challenges that may hinder its recovery and growth in the near term.
Bull case
Tilray's recent revenue growth and the broader cannabis market's expansion could still position the company for future success. If Tilray can tackle operational inefficiencies and leverage its brand strength, it may regain investor confidence and improve profitability.
Bear case
The substantial earnings miss raises questions about Tilray's ability to manage costs and drive revenue growth. Continued financial underperformance could lead to further declines in investor sentiment, impacting the stock's valuation and market position.
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