02:43 PM EDT, 07/16/2024 (MT Newswires) -- Kimberly-Clark ( KMB ) investors expect potential upward revisions in earnings estimates after Q2 due to anticipated continued recovery in revenue and cost-saving measures, UBS Securities said in an earnings preview Tuesday.

The firm said that some investors are considering Kimberly-Clark ( KMB ) with a potential market leading organic revenue and earnings growth within the sector. The shares have outperformed large-cap multinational peers since reporting Q1 results and are up roughly 17% so far this year, UBS added.

The investment firm said, however, that the company has to substantiate its long-term growth plans to maintain investor confidence, especially given its current valuation. Q2 results are scheduled for July 23.

Investors expect the upward guidance revision as the previous update did not fully account for the quarterly strong performance.

UBS has a neutral rating on Kimberly-Clark's ( KMB ) stock with a price target of $142.

Price: 141.96, Change: +0.95, Percent Change: +0.67