Brilliant Earth Group (NASDAQ:BRLT) Issues Earnings Results, Beats Expectations By $0.01 EPS

Brilliant Earth Group (NASDAQ:BRLT) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, FiscalAI reports. Brilliant Earth Group had a negative return on equity of 1.23% and a net margin of 0.44%.The business had revenue of $110.25 million during the quarter, compared to the consensus estimate of $109.10 million. Brilliant Earth Group updated its FY 2025 guidance to EPS.

Brilliant Earth Group Price Performance

NASDAQ:BRLT traded up $0.14 during trading hours on Friday, reaching $2.80. 257,639 shares of the company were exchanged, compared to its average volume of 122,756. The business has a 50 day moving average of $2.47 and a 200 day moving average of $1.90. Brilliant Earth Group has a 1-year low of $1.25 and a 1-year high of $3.10. The company has a market capitalization of $279.30 million, a P/E ratio of -93.33 and a beta of 1.39.

Analysts Set New Price Targets

BRLT has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, October 8th. B. Riley initiated coverage on Brilliant Earth Group in a report on Tuesday, October 7th. They set a “buy” rating and a $3.00 price objective for the company. Wall Street Zen upgraded Brilliant Earth Group to a “strong-buy” rating in a research note on Saturday, September 20th. Zacks Research cut Brilliant Earth Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a report on Wednesday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $2.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brilliant Earth Group stock. Vanguard Group Inc. boosted its holdings in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 13.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 605,770 shares of the company’s stock after purchasing an additional 70,833 shares during the period. Vanguard Group Inc. owned about 0.61% of Brilliant Earth Group worth $1,254,000 at the end of the most recent quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

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.