Brilliant Earth Group (BRLT) to Release Earnings on Thursday

Brilliant Earth Group (NASDAQ:BRLT) is scheduled to announce its earnings results 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Brilliant Earth Group (NASDAQ:BRLT) last released its earnings results on Thursday, August 8th. 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 $105.43 million during the quarter, compared to analysts’ expectations of $106.52 million. Brilliant Earth Group had a return on equity of 6.48% and a net margin of 0.57%. 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 Price Performance

Shares of BRLT opened at $1.63 on Thursday. The business’s 50 day moving average is $1.92 and its 200 day moving average is $2.22. The company has a current ratio of 2.88, a quick ratio of 2.33 and a debt-to-equity ratio of 0.52. Brilliant Earth Group has a 12-month low of $1.52 and a 12-month high of $3.81. The company has a market capitalization of $159.51 million, a PE ratio of 27.17 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BRLT. William Blair downgraded shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. 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 Thursday, August 29th.

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.