Deckers Outdoor (Nasdaq: DECK) is expected to report Q2 earnings around 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 Deckers Outdoor's revenues will grow 2.6% and EPS will remain in the red.

The average estimate for revenue is $178.9 million. On the bottom line, the average EPS estimate is -$1.05.

Revenue details
Last quarter, Deckers Outdoor booked revenue of $263.8 million. GAAP reported sales were 7.1% higher than the prior-year quarter's $246.3 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 $0.03. GAAP EPS of $0.03 for Q1 were 85% lower than the prior-year quarter's $0.20 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 46.8%, 80 basis points better than the prior-year quarter. Operating margin was 1.0%, 380 basis points worse than the prior-year quarter. Net margin was 0.4%, 280 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.51 billion. The average EPS estimate is $3.69.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 762 members out of 881 rating the stock outperform, and 119 members rating it underperform. Among 234 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 209 give Deckers Outdoor a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Deckers Outdoor is outperform, with an average price target of $50.00.

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