03:02 PM EST, 12/03/2024 (MT Newswires) -- G-III Apparel Group ( GIII ) is likely to post a "relatively small beat" when it reports Q3 results as the quarter largely played out within the company's expectations, UBS said in a note Tuesday.

The investment firm said it expects the company's Q3 earnings per share to beat estimates by $0.02.

Despite the beat, UBS said it expects the company to maintain its fiscal 2025 earnings guidance at $3.95 to $4.05 per share due to challenges across its Department Stores channel.

The firm said its research indicated that sentiment around the company's stock was bearish, with many investors concerned about the company's long term growth.

The "bar" for Q3 would be for the company to maintain its fiscal 2025 guidance and provide Q4 EPS guidance that falls in line with the consensus forecast of $1.12, according to the firm.

The clothing company is due to report Q3 results before the market opens on Dec. 10.

The firm reiterated a neutral rating on the stock with a price target of $36.

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