Smart Balance (Nasdaq: SMBL) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Smart Balance's revenues will increase 31.2% and EPS will wither -28.6%.

The average estimate for revenue is $77.4 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
Last quarter, Smart Balance reported revenue of $79.3 million. GAAP reported sales were 33% higher than the prior-year quarter's $59.7 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, EPS came in at $0.06. GAAP EPS of $0.06 were the same as the prior-year quarter.

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 44.2%, 330 basis points worse than the prior-year quarter. Operating margin was 9.8%, 290 basis points worse than the prior-year quarter. Net margin was 4.7%, 120 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $336.3 million. The average EPS estimate is $0.27.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 268 members out of 289 rating the stock outperform, and 21 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Smart Balance a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Smart Balance is outperform, with an average price target of $7.89.

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