02:51 PM EDT, 10/30/2025 (MT Newswires) -- E.l.f. Beauty (ELF) is set to report fiscal Q2 results after the close on Nov. 5, balancing solid business momentum and the Rhode integration against a rich valuation and the potential for conservative full-year guidance, UBS Securities said in a Wednesday note.

The brokerage said it projects Q2 earnings per share of $0.54, about $0.03 below the Visible Alpha consensus, citing near-term uncertainty despite strong fundamentals and Rhode's successful debut at Sephora. Analysts surveyed by FactSet expect $0.57.

UBS analysts also said they expect E.l.f Beauty to provide full-year 2026 guidance next week. The company did not provide any full-year outlook when reporting its fiscal Q1 results, citing tariff-related uncertainty.

The firm said it anticipates potential share volatility following the company's Q2 results, with options implying about a 13% move in either direction.

UBS maintained its neutral rating on the stock with a $150 price target.

Shares of E.l.f. Beauty were down 1.8% in recent afternoon trading.

Price: 124.65, Change: -2.35, Percent Change: -1.85