Tiffany (NYSE: TIF) is expected to report Q2 earnings on Aug. 23. 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 Tiffany's revenues will increase 2.5% and EPS will wither -14.0%.

The average estimate for revenue is $894.3 million. On the bottom line, the average EPS estimate is $0.74.

Revenue details
 Last quarter, Tiffany notched revenue of $819.2 million. GAAP reported sales were 7.6% higher than the prior-year quarter's $761.0 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, EPS came in at $0.64. GAAP EPS of $0.64 for Q1 were 1.6% higher than the prior-year quarter's $0.63 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 57.3%, 100 basis points worse than the prior-year quarter. Operating margin was 16.5%, 240 basis points worse than the prior-year quarter. Net margin was 10.0%, 70 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.87 billion. The average EPS estimate is $3.70.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 593 members out of 752 rating the stock outperform, and 159 members rating it underperform. Among 210 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give Tiffany a green thumbs-up, and 33 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tiffany is outperform, with an average price target of $74.51.

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