Brilliant Earth Group (BRLT) Set to Announce Earnings on Thursday

Brilliant Earth Group (NASDAQ:BRLT) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Brilliant Earth Group has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. Brilliant Earth Group had a net margin of 0.57% and a return on equity of 6.48%. The business had revenue of $105.43 million for the quarter, compared to analysts’ expectations of $106.52 million. On average, analysts expect Brilliant Earth Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Brilliant Earth Group Stock Performance

NASDAQ:BRLT opened at $1.71 on Tuesday. The stock has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $2.19. The firm has a market capitalization of $168.12 million, a PE ratio of 28.50 and a beta of 1.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.33 and a current ratio of 2.88. Brilliant Earth Group has a 52-week low of $1.52 and a 52-week high of $3.81.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRLT. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price target on shares of Brilliant Earth Group in a research note on Friday. William Blair downgraded shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.