H&R Block (NYSE: HRB) is expected to report Q2 earnings on Dec. 6. 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 H&R Block's revenues will grow 1.0% and EPS will remain in the red.

The average estimate for revenue is $130.5 million. On the bottom line, the average EPS estimate is -$0.40.

Revenue details
Last quarter, H&R Block booked revenue of $96.5 million. GAAP reported sales were 4.1% lower than the prior-year quarter's $90.3 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, non-GAAP EPS came in at -$0.38. GAAP EPS were -$0.39 for Q1 against -$0.57 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 18.7%, 990 basis points better than the prior-year quarter. Operating margin was -185.0%, 2,770 basis points better than the prior-year quarter. Net margin was -124.0%, 6,990 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.95 billion. The average EPS estimate is $1.64.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 371 members out of 551 rating the stock outperform, and 180 members rating it underperform. Among 156 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give H&R Block a green thumbs-up, and 67 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on H&R Block is outperform, with an average price target of $19.33.

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