Ascena Retail Group (Nasdaq: ASNA) is expected to report Q3 earnings on June 5. 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 Ascena Retail Group's revenues will increase 49.7% and EPS will drop -11.8%.

The average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.30.

Revenue details
 Last quarter, Ascena Retail Group reported revenue of $1.24 billion. GAAP reported sales were 44% higher than the prior-year quarter's $862.0 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 $0.26. GAAP EPS of $0.29 for Q2 were 28% lower than the prior-year quarter's $0.40 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 53.5%, 190 basis points worse than the prior-year quarter. Operating margin was 6.2%, 540 basis points worse than the prior-year quarter. Net margin was 3.8%, 360 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.74 billion. The average EPS estimate is $1.26.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 235 members out of 263 rating the stock outperform, and 28 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Ascena Retail Group a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ascena Retail Group is outperform, with an average price target of $22.00.

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