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

Brilliant Earth Group (NASDAQ:BRLT) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Brilliant Earth Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Thursday, March 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $124.30 million during the quarter, compared to analyst estimates of $125.10 million. Brilliant Earth Group had a net margin of 0.51% and a return on equity of 7.19%. 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

Shares of NASDAQ:BRLT opened at $2.66 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 2.17 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $260.31 million, a price-to-earnings ratio of 53.20 and a beta of 1.63. Brilliant Earth Group has a 12 month low of $2.04 and a 12 month high of $4.29. The firm’s 50-day moving average is $2.79 and its 200 day moving average is $2.93.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BRLT. KeyCorp dropped their price objective on Brilliant Earth Group from $6.00 to $3.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $4.00 price objective on shares of Brilliant Earth Group in a report on Friday, May 3rd. Finally, TD Cowen reduced their target price on shares of Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, March 15th.

Brilliant Earth Group Company Profile

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