Brilliant Earth Group (BRLT) to Release Earnings on Thursday

Brilliant Earth Group (NASDAQ:BRLT – Get Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Brilliant Earth Group has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Brilliant Earth Group (NASDAQ:BRLT – Get Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. The company had revenue of $121.90 million during the quarter, compared to analyst estimates of $112.01 million. The firm’s revenue was up 37.6% on a year-over-year basis. On average, analysts expect Brilliant Earth Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ BRLT opened at $8.31 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.22 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average price of $8.84 and a two-hundred day moving average price of $12.49. Brilliant Earth Group has a fifty-two week low of $7.07 and a fifty-two week high of $20.39.

BRLT has been the subject of several analyst reports. Piper Sandler lifted their price objective on Brilliant Earth Group from $20.00 to $21.00 in a report on Friday, January 21st. Zacks Investment Research cut 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’s stock. Based on data from MarketBeat, Brilliant Earth Group presently has an average rating of “Buy” and a consensus target price of $18.75.

In other Brilliant Earth Group news, major shareholder Just Rocks, Inc. sold 48,595 shares of the company’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $12.05, for a total value of $585,569.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Chuenhong Kuo sold 19,185 shares of the company’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $9.48, for a total value of $181,873.80. Following the completion of the sale, the chief financial officer now owns 541,672 shares in the company, valued at approximately $5,135,050.56. The disclosure for this sale can be found here. Insiders have sold a total of 206,626 shares of company stock valued at $2,148,899 in the last three months.

Institutional investors have recently made changes to their positions in the stock. GAM Holding AG bought a new position in Brilliant Earth Group in the fourth quarter worth approximately $14,177,000. Weiss Multi Strategy Advisers LLC raised its stake in shares of Brilliant Earth Group by 219.0% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 255,171 shares of the company’s stock worth $4,608,000 after purchasing an additional 175,171 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Brilliant Earth Group in the fourth quarter worth approximately $4,571,000. Renaissance Technologies LLC purchased a new stake in shares of Brilliant Earth Group in the fourth quarter worth approximately $2,149,000. Finally, BlackRock Inc. raised its stake in shares of Brilliant Earth Group by 72.1% in the fourth quarter. BlackRock Inc. now owns 102,030 shares of the company’s stock worth $1,843,000 after purchasing an additional 42,734 shares during the last quarter. Institutional investors own 8.90% of the company’s stock.

About Brilliant Earth Group (Get Rating)

Brilliant Earth Group, Inc 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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