HNI (NYSE: HNI) is expected to report Q2 earnings on July 18. 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 HNI's revenues will improve 9.3% and EPS will increase 54.5%.

The average estimate for revenue is $473.0 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
Last quarter, HNI tallied revenue of $445.2 million. GAAP reported sales were 12% higher than the prior-year quarter's $396.2 million.

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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 $0.01. GAAP EPS shrank to zero from the prior-year quarter's -$0.04.

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 33.0%, 100 basis points worse than the prior-year quarter. Operating margin was 0.8%, 20 basis points better than the prior-year quarter. Net margin was 0.0%, 40 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.01 billion. The average EPS estimate is $1.34.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 34 members out of 46 rating the stock outperform, and 12 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give HNI a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HNI is outperform, with an average price target of $27.50.

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