Carpenter Technology (NYSE: CRS) is expected to report Q2 earnings around Jan. 30. 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 Carpenter Technology's revenues will grow 23.9% and EPS will expand 7.0%.

The average estimate for revenue is $534.0 million. On the bottom line, the average EPS estimate is $0.61.

Revenue details
 Last quarter, Carpenter Technology booked revenue of $544.9 million. GAAP reported sales were 32% higher than the prior-year quarter's $414.1 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, EPS came in at $0.74. GAAP EPS of $0.74 for Q1 were 40% higher than the prior-year quarter's $0.53 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 20.1%, 50 basis points better than the prior-year quarter. Operating margin was 11.3%, 30 basis points better than the prior-year quarter. Net margin was 7.2%, 150 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.39 billion. The average EPS estimate is $3.08.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 387 members out of 411 rating the stock outperform, and 24 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 137 give Carpenter Technology a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carpenter Technology is outperform, with an average price target of $68.25.

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