Brilliant Earth Group (NASDAQ:BRLT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

Brilliant Earth Group Trading Up 5.3%

NASDAQ:BRLT traded up $0.14 on Friday, reaching $2.80. 257,639 shares of the stock traded hands, compared to its average volume of 122,756. The company’s fifty day simple moving average is $2.47 and its 200 day simple moving average is $1.90. The company has a market capitalization of $279.30 million, a price-to-earnings ratio of -93.33 and a beta of 1.39. Brilliant Earth Group has a 12 month low of $1.25 and a 12 month high of $3.10.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Brilliant Earth Group

An institutional investor recently raised its position in Brilliant Earth Group stock. Vanguard Group Inc. grew its stake in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 605,770 shares of the company’s stock after acquiring an additional 70,833 shares during the quarter. Vanguard Group Inc. owned about 0.61% of Brilliant Earth Group worth $1,254,000 as of its most recent SEC filing. 70.41% of the stock is owned by institutional investors and hedge funds.

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.