Zacks: Analysts Expect Brilliant Earth Group, Inc. (NASDAQ:BRLT) to Announce $0.05 Earnings Per Share

Brokerages expect that Brilliant Earth Group, Inc. (NASDAQ:BRLTGet Rating) will announce earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Brilliant Earth Group’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.04. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Brilliant Earth Group will report full year earnings of $0.42 per share for the current year, with EPS estimates ranging from $0.35 to $0.47. For the next year, analysts expect that the business will post earnings of $0.69 per share, with EPS estimates ranging from $0.53 to $0.88. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Brilliant Earth Group.

Brilliant Earth Group (NASDAQ:BRLTGet Rating) last issued its earnings results on Wednesday, March 16th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $121.90 million during the quarter, compared to analysts’ expectations of $112.01 million. The firm’s revenue was up 37.6% compared to the same quarter last year.

BRLT has been the subject of several recent analyst reports. Piper Sandler lifted their target price on shares of Brilliant Earth Group from $20.00 to $21.00 in a report on Friday, January 21st. Zacks Investment Research cut shares of Brilliant Earth Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.75.

Shares of Brilliant Earth Group stock opened at $8.35 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.22 and a quick ratio of 1.95. Brilliant Earth Group has a 52-week low of $7.11 and a 52-week high of $20.39. The business has a 50-day moving average price of $9.72.

In related news, Chairman Eric Scott Grossberg sold 3,526 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $12.03, for a total transaction of $42,417.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Just Rocks, Inc. sold 48,595 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $12.05, for a total transaction of $585,569.75. The disclosure for this sale can be found here. Insiders have sold 206,626 shares of company stock valued at $2,148,899 over the last three months.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAM Holding AG bought a new stake in Brilliant Earth Group during the fourth quarter valued at approximately $14,177,000. Millennium Management LLC bought a new position in shares of Brilliant Earth Group in the third quarter worth approximately $10,068,000. Citadel Advisors LLC bought a new position in shares of Brilliant Earth Group in the third quarter worth approximately $6,031,000. Teacher Retirement System of Texas bought a new position in shares of Brilliant Earth Group in the third quarter worth approximately $5,025,000. Finally, Caas Capital Management LP bought a new position in shares of Brilliant Earth Group in the third quarter worth approximately $5,025,000. Institutional investors own 97.78% of the company’s stock.

Brilliant Earth Group Company Profile (Get Rating)

Brilliant Earth Group, Inc, together with its subsidiaries, engages in the design, procurement, and retail sale of 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.

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Earnings History and Estimates for Brilliant Earth Group (NASDAQ:BRLT)

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