03:05 PM EDT, 10/23/2025 (MT Newswires) -- Estee Lauder ( EL ) is likely to post "solid" fiscal Q1 results versus a "relatively low bar," and reaffirm its full-year outlook, UBS said in a Wednesday note.

The brokerage forecasts Q1 earnings per share of $0.15, slightly below the $0.17 average estimate of analysts polled by FactSet. Organic revenue is seen declining 0.9% year over year as organic sales in the Americas are forecast to fall 5%, with modest gains expected in Asia Pacific and weakness in Europe and key emerging markets, according to UBS.

Estee Lauder ( EL ) is expected to reiterate full-year guidance, projecting flat to 3% organic sales growth.

UBS analysts said investors believe Estee Lauder ( EL ) may be at the beginning of a "substantial earnings recovery," and that while they agree the underlying business is showing signs of being "on better footing" compared with the past few years, the analysts said it appears "an outsized earnings recovery" is mostly priced in.

The firm maintained a neutral rating on the stock with a price target of $93.

Shares of Estee Lauder ( EL ) were up 1.2% in recent Thursday trading.

Price: 99.80, Change: +1.17, Percent Change: +1.19