Dole Food (NYSE: DOLE) is expected to report Q2 earnings around July 16. 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 Dole Food's revenues will contract -36.0% and EPS will shrink -86.3%.

The average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.11.

Revenue details
 Last quarter, Dole Food reported revenue of $1.05 billion. GAAP reported sales were 3.0% lower than the prior-year quarter's $1.09 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, non-GAAP EPS came in at $0.12. GAAP EPS were -$0.75 for Q1 against $0.19 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 10.3%, 190 basis points better than the prior-year quarter. Operating margin was 3.7%, 130 basis points better than the prior-year quarter. Net margin was -6.3%, 780 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.24 billion. The average EPS estimate is $0.44.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 112 members out of 122 rating the stock outperform, and 10 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Dole Food 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 Dole Food is outperform, with an average price target of $10.67.

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