Burlington Stores (BURL) is expected to report above-consensus Q1 comparable sales growth and earnings per share, but this is unlikely to boost share price as the market already has a similar view, UBS Securities said Tuesday.
The company is set to post Q1 results before the market opens on Thursday.
UBS said the stock is up 12% year-to-date, compared with a 9% gain for the S&P 500, driven by Q1 comparable sales and EPS expectations, Q2 revenue growth guidance of 8% to 10%, comparable sales guidance of 1% to 3%, and EPS guidance of $1.85 to $1.95, as well as market expectations that the company will flow through its Q1 EPS beat into the full-year 2026 outlook.
UBS lifted its Q1 EPS forecast to $1.90 from $1.70, driven by stronger sales and less margin contraction than previously expected.
UBS kept a buy rating on Burlington Stores with a price target of $430.
Price: 325.10, Change: +0.59, Percent Change: +0.18
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