Graco (NYSE: GGG) is expected to report Q2 earnings on July 24. 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 Graco's revenues will grow 5.3% and EPS will increase 51.8%.

The average estimate for revenue is $282.3 million. On the bottom line, the average EPS estimate is $0.85.

Revenue details
 Last quarter, Graco booked revenue of $269.0 million. GAAP reported sales were 15% higher than the prior-year quarter's $234.1 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, non-GAAP EPS came in at $0.88. GAAP EPS of $0.84 for Q1 were 45% higher than the prior-year quarter's $0.58 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 56.0%, 50 basis points worse than the prior-year quarter. Operating margin was 26.6%, 180 basis points better than the prior-year quarter. Net margin was 19.4%, 430 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.09 billion. The average EPS estimate is $3.20.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Graco is outperform, with an average price target of $58.13.

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