Cedar Fair (NYSE: FUN) is expected to report Q2 earnings on Aug. 9. 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 Cedar Fair's revenue will expand 4.3% and EPS will improve 263.6%.

The average estimate for revenue is $296.6 million. On the bottom line, the average EPS estimate is $0.40.

Revenue details
Last quarter, Cedar Fair chalked up revenue of $28.2 million. GAAP reported sales were 4.9% higher than the prior-year quarter's $26.9 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 -$1.32. GAAP EPS were -$1.18 for Q1 versus -$1.53 per share for 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 -161.2%, 2,000 basis points worse than the prior-year quarter. Operating margin was -238.6%, 540 basis points worse than the prior-year quarter. Net margin was -231.2%, 8,400 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.07 billion. The average EPS estimate is $2.32.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 355 members out of 434 rating the stock outperform, and 79 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Cedar Fair a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cedar Fair is buy, with an average price target of $34.00.

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