03:20 PM EDT, 08/21/2024 (MT Newswires) -- Bath & Body Works ( BBWI ) probably will meet Q2 earnings forecasts amid modest sales growth, UBS Securities said Wednesday in a report.

The "current sales growth rate isn't great, but good enough to allow the company to deliver a relatively in-line result" for earnings in Q2 and "moderately below-consensus" guidance for Q3 while maintaining the full-year outlook of $3.05 to $3.35 a share, UBS said.

The Q2 report is expected to have minimal impact on EPS estimates with risks tied to weaker sales trends and lower 2024 guidance, UBS said.

Among upside risks, the company's "international business could be performing much better than expected," and cost savings may be more than anticipated, the report said.

UBS has a neutral rating on Bath & Body Works ( BBWI ) with a 12-month price target of $52.

Results for Q2 are expected Aug. 28.

Shares of Bath & Body Works ( BBWI ) rose 3.9% in recent trading Wednesday.

Price: 34.51, Change: +1.30, Percent Change: +3.91