Williams-Sonoma (NYSE: WSM) is expected to report Q2 earnings on Aug. 21. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Williams-Sonoma's revenues will increase 6.0% and EPS will improve 10.8%.

The average estimate for revenue is $864.0 million. On the bottom line, the average EPS estimate is $0.41.

Revenue details
 Last quarter, Williams-Sonoma tallied revenue of $817.6 million. GAAP reported sales were 6.1% higher than the prior-year quarter's $770.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.34. GAAP EPS of $0.30 for Q1 were 3.4% higher than the prior-year quarter's $0.29 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 37.8%, 60 basis points worse than the prior-year quarter. Operating margin was 6.9%, 20 basis points better than the prior-year quarter. Net margin was 3.8%, 30 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.00 billion. The average EPS estimate is $2.49.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 218 members out of 315 rating the stock outperform, and 97 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Williams-Sonoma a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Williams-Sonoma is outperform, with an average price target of $39.19.

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