Select Comfort (Nasdaq: SCSS) is expected to report Q2 earnings on July 17. 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 Select Comfort's revenues will grow 2.7% and EPS will wither -20.0%.

The average estimate for revenue is $210.7 million. On the bottom line, the average EPS estimate is $0.24.

Revenue details
 Last quarter, Select Comfort logged revenue of $258.2 million. GAAP reported sales were 1.6% lower than the prior-year quarter's $262.4 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 $0.41. GAAP EPS of $0.42 for Q1 were 7.7% higher than the prior-year quarter's $0.39 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 63.3%, 70 basis points better than the prior-year quarter. Operating margin was 13.5%, 170 basis points worse than the prior-year quarter. Net margin was 9.1%, 60 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $993.5 million. The average EPS estimate is $1.36.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,496 members out of 2,825 rating the stock outperform, and 329 members rating it underperform. Among 853 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 797 give Select Comfort a green thumbs-up, and 56 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Select Comfort is outperform, with an average price target of $24.60.

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