Investors have jumped into the marijuana market aggressively, banking on the rising demand as more jurisdictions legalize cannabis to drive sales across the industry. Among the top stocks in the industry, Tilray (NASDAQ:TLRY) has gotten a lot of attention from its initial public offering on the Nasdaq Stock Market earlier this year and its subsequent surge amid excitement for the legalization of recreational marijuana in Canada.
Tilray expects to release its third-quarter financial report on Nov. 13, and investors have high hopes that the newly public company can live up to all the hype. Yet rather than focusing too much on current results, you should concentrate on what Tilray says about its immediate future. The company will give some good information on Tuesday, but here’s an early look at what you can expect from its quarterly report.
Stats on Tilray’s third-quarter earnings
EPS estimate (loss)
Last quarter’s EPS
Change from last quarter’s revenue
What investors want to see
Those following Tilray have had mixed views about the medical marijuana specialist’s likely future earnings. They’ve become more optimistic about Tilray cutting its losses in the third quarter and for the rest of 2018, but they’ve widened their loss projections for 2019. The stock has been extremely volatile since the company made its first earnings report as a public company three months ago — it has more than doubled since late August but has been up to a much greater extent before the past month’s slide.
Tilray’s second-quarter financial report in August produced a lot of excitement shortly following the company’s IPO. Sales