Nike (NYSE: NKE) is expected to report Q2 earnings on Dec. 20. 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 Nike's revenues will grow 5.0% and EPS will shrink 0.0%.

The average estimate for revenue is $6.02 billion. On the bottom line, the average EPS estimate is $1.00.

Revenue details
 Last quarter, Nike logged revenue of $6.67 billion. GAAP reported sales were 9.7% higher than the prior-year quarter's $6.08 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 $1.23. GAAP EPS of $1.23 for Q1 were 9.6% lower than the prior-year quarter's $1.36 per share.

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 43.5%, 80 basis points worse than the prior-year quarter. Operating margin was 11.2%, 310 basis points worse than the prior-year quarter. Net margin was 8.5%, 210 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $25.49 billion. The average EPS estimate is $5.21.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,288 members out of 2,411 rating the stock outperform, and 123 members rating it underperform. Among 675 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 650 give Nike a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nike is outperform, with an average price target of $104.37.

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