Universal Forest Products (Nasdaq: UFPI) is expected to report Q2 earnings around 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 Universal Forest Products's revenues will grow 17.1% and EPS will grow 1.5%.

The average estimate for revenue is $695.3 million. On the bottom line, the average EPS estimate is $0.67.

Revenue details
Last quarter, Universal Forest Products reported revenue of $554.5 million. GAAP reported sales were 21% higher than the prior-year quarter's $457.1 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 $0.26. GAAP EPS of $0.26 for Q1 were 24% higher than the prior-year quarter's $0.21 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 10.3%, 140 basis points worse than the prior-year quarter. Operating margin was 1.6%, 10 basis points worse than the prior-year quarter. Net margin was 0.9%, much about the same as the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.44 billion. The average EPS estimate is $1.53.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 78 members out of 100 rating the stock outperform, and 22 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Universal Forest Products a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Forest Products is buy, with an average price target of $42.00.

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