Barnes & Noble (NYSE: BKS) is expected to report Q2 earnings on Nov. 29. 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 Barnes & Noble's revenues will decrease -0.5% and EPS will remain in the red.

The average estimate for revenue is $1.88 billion. On the bottom line, the average EPS estimate is -$0.08.

Revenue details
Last quarter, Barnes & Noble logged revenue of $1.45 billion. GAAP reported sales were 2.5% higher than the prior-year quarter's $1.42 billion.

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 -$0.78. GAAP EPS were -$0.78 for Q1 versus -$0.99 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 28.5%, 120 basis points better than the prior-year quarter. Operating margin was -3.7%, 190 basis points better than the prior-year quarter. Net margin was -2.8%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.29 billion. The average EPS estimate is -$0.71.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 305 members out of 659 rating the stock outperform, and 354 members rating it underperform. Among 177 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Barnes & Noble a green thumbs-up, and 112 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barnes & Noble is hold, with an average price target of $20.81.

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