Brilliant Earth Group (BRLT) to Release Quarterly 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.Parties that are interested in participating in the company’s conference call can do so using this link.

Brilliant Earth Group (NASDAQ:BRLT) last announced its earnings results on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $105.43 million during the quarter, compared to analyst estimates of $106.52 million. Brilliant Earth Group had a net margin of 0.57% and a return on equity of 6.48%. 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 Performance

BRLT stock opened at $1.63 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.88 and a quick ratio of 2.33. Brilliant Earth Group has a 1 year low of $1.52 and a 1 year high of $3.81. The company has a market cap of $159.51 million, a P/E ratio of 27.17 and a beta of 1.54. The stock’s fifty day moving average price is $1.92 and its 200-day moving average price is $2.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BRLT shares. William Blair downgraded Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Telsey Advisory Group restated an “outperform” rating and set a $3.00 target price on shares of Brilliant Earth Group in a research report 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.