Brilliant Earth Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Brilliant Earth

08/11/2024 05:10

* Brilliant Earth Group Inc  BRLT.OQ  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of six analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 2 cents per share.
    * Revenue fell 12.5% to $99.87 million from a year ago;
analysts
expected $100.25 million. 
    * Brilliant Earth Group Inc's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $141 thousand.
    * Brilliant Earth Group Inc shares had fallen by 20.1% this
quarter and lost 54.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 200%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Brilliant Earth
Group Inc is $3.00 
This summary was machine generated from LSEG data November 8 at
05:10 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.00           0.02           Beat
 Jun. 30 2024      0.01           0.03           Beat
 Mar. 31 2024      0.00           0.03           Beat
 Dec. 31 2023      0.01           0.04           Beat