Brilliant Earth Group (BRLT) to Release Earnings on Thursday

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

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Brilliant Earth Group had a net margin of 0.51% and a return on equity of 7.19%. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $125.10 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 Up 1.1 %

BRLT stock opened at $2.64 on Tuesday. The company has a 50 day moving average of $2.80 and a two-hundred day moving average of $2.93. The company has a quick ratio of 2.17, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. Brilliant Earth Group has a 12-month low of $2.04 and a 12-month high of $4.29. The company has a market cap of $258.35 million, a price-to-earnings ratio of 52.81 and a beta of 1.63.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen reduced their price objective on Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th. KeyCorp reduced their price target 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $4.00 price objective on shares of Brilliant Earth Group in a report on Friday.

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.