03:37 PM EDT, 05/29/2024 (MT Newswires) -- Bath & Body Works ( BBWI ) is expected to report fiscal Q1 earnings in line with guidance and maintain its full-year outlook with sales growth trends little changed from the previous quarter, UBS Securites said in a report emailed Wednesday.

The Q1 report will have minimal impact on sell-side earnings per share estimates or the stock's price-to-earnings multiple, Wedbush said. "This causes us to see a balanced upside/downside skew around the event."

UBS raised its Q1 EPS estimate to $0.33 from $0.29, saying the company is "trending towards beating the sell-side's -2.1% Q1 sales growth outlook."

UBS has a neutral rating on the stock and price target of $52. Bath & Body Works ( BBWI ) expects to report Q1 results on June 4,

"Soft category demand" may weigh on the company fiscal 2024 sales and earnings and "limit the stock from outperforming," Wedbush said. "We see little chance of upside earnings surprises or P/E expansion in the near- to medium-term."

Bath & Body Works ( BBWI ) shares rose 0.7% in recent Wednesday trading.

Price: 48.90, Change: +0.34, Percent Change: +0.70