Brilliant Earth Group (BRLT) to Release Earnings on Thursday

Brilliant Earth Group (NASDAQ:BRLT) will be releasing its 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 issued its quarterly earnings data on Thursday, March 14th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. The company had revenue of $124.30 million for the quarter, compared to analysts’ expectations 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 Price Performance

BRLT stock opened at $2.64 on Tuesday. The stock has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $2.93. The firm has a market cap of $258.35 million, a P/E ratio of 52.81 and a beta of 1.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.17 and a current ratio of 2.66. Brilliant Earth Group has a 1 year low of $2.04 and a 1 year high of $4.29.

Analyst Ratings Changes

BRLT has been the subject of several recent research reports. TD Cowen dropped their price objective on shares of Brilliant Earth Group from $3.40 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, March 15th. KeyCorp lowered their price target on shares of 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 reiterated an “outperform” rating and issued a $4.00 price objective on shares of Brilliant Earth Group in a report on Friday.

About Brilliant Earth Group

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.