Tilray Inc's latest earnings report shows a significant miss on EPS estimates, raising questions about its growth in the competitive cannabis sector.
On July 28, 2026, Tilray Inc (TLRY.TO) reported its fiscal Q2 2026 earnings, which ended on May 31, 2026. The results revealed an earnings per share (EPS) of $0.05, falling short of the market's expectations of $0.21, a staggering miss of 76.19%. This disappointing performance has led analysts and investors to rethink the company's outlook in a rapidly changing cannabis market.
Recent earnings trend
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Tilray Inc
TLRY.TO
TLRY.TO
Tilray Inc
WealthAwesomeMarket cap
$857.13M
52W high
$32.30
52W low
$5.19
1W change
-7.57%
Beta
1.92
Analyst Price Targets
Based on analyst covering TLRY
Wall Street analysts forecast TLRY stock price to rise 21.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$7.58
+21.6% Upside
Current Price
C$6.23
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
57.5%
Annualized
90-Day Vol
44.2%
Annualized
Trend (90d)
-42.3%
Annualized drift
90d Mean
C$5.36
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$5.92 | C$4.86 โ C$7.22 |
| 60 trading days | C$5.63 | C$4.25 โ C$7.46 |
| 90 trading days | C$5.36 | C$3.80 โ C$7.55 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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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 | โ | โ |
| 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 carefully consider Tilray's recent earnings miss and what it means for future growth. While the company has a history of earnings volatility, the current state of the cannabis industry and Tilray's position within it will be crucial in shaping its next steps.
EPS Misses Estimates by 76.19%
Tilray's EPS of $0.05 is a stark contrast to the estimated $0.21, highlighting ongoing challenges in achieving profitability in a competitive landscape.
Bull case
Despite the earnings miss, Tilray still shows potential for growth. Analysts maintain a bullish consensus rating, and the stock has recently recovered. The company has also reported record revenues in FY2026, indicating strong demand for its products.
Bear case
The significant earnings miss raises concerns about Tilray's operational efficiency and profitability, especially with a negative profit margin of -13.26%. Investors may be worried about the company's ability to handle competitive pressures and regulatory challenges in the cannabis sector.
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