Zacks: Brokerages Anticipate Brilliant Earth Group, Inc. (NASDAQ:BRLT) Will Announce Earnings of $0.08 Per Share

Brokerages expect Brilliant Earth Group, Inc. (NASDAQ:BRLTGet Rating) to announce $0.08 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Brilliant Earth Group’s earnings, with estimates ranging from $0.06 to $0.09. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Brilliant Earth Group will report full year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.35 to $0.39. For the next fiscal year, analysts anticipate that the business will post earnings of $0.61 per share, with EPS estimates ranging from $0.43 to $0.88. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Brilliant Earth Group.

Brilliant Earth Group (NASDAQ:BRLTGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02.

Several research firms recently issued reports on BRLT. Cowen dropped their price objective on Brilliant Earth Group from $21.00 to $10.00 in a research note on Friday. Cowen lowered their target price on Brilliant Earth Group from $21.00 to $10.00 in a research note on Friday. Piper Sandler boosted their target price on Brilliant Earth Group from $20.00 to $21.00 in a research note on Friday, January 21st. Finally, Zacks Investment Research lowered Brilliant Earth Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $17.00.

NASDAQ:BRLT traded down $2.27 during trading hours on Friday, hitting $4.48. 2,277,011 shares of the company’s stock traded hands, compared to its average volume of 118,203. Brilliant Earth Group has a 52 week low of $4.46 and a 52 week high of $20.39. The business’s fifty day simple moving average is $8.58 and its two-hundred day simple moving average is $12.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.22 and a quick ratio of 1.95.

In other Brilliant Earth Group news, CFO Jeffrey Chuenhong Kuo sold 19,185 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $9.48, for a total transaction of $181,873.80. Following the transaction, the chief financial officer now owns 541,672 shares in the company, valued at approximately $5,135,050.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Eric Scott Grossberg sold 12,536 shares of the company’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $12.10, for a total value of $151,685.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,626 shares of company stock worth $2,148,899.

Hedge funds have recently bought and sold shares of the business. Balyasny Asset Management LLC purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter worth approximately $4,514,000. Monashee Investment Management LLC purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter worth approximately $402,000. Ghisallo Capital Management LLC purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter worth approximately $3,015,000. Burleson & Company LLC purchased a new stake in shares of Brilliant Earth Group in the 4th quarter worth approximately $108,000. Finally, Brookfield Asset Management Inc. purchased a new stake in shares of Brilliant Earth Group in the 3rd quarter worth approximately $1,340,000. Hedge funds and other 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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Earnings History and Estimates for Brilliant Earth Group (NASDAQ:BRLT)

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