Herbalife (NYSE: HLF) is expected to report Q2 earnings on July 29. 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 Herbalife's revenues will expand 12.4% and EPS will grow 7.3%.

The average estimate for revenue is $1.16 billion. On the bottom line, the average EPS estimate is $1.18.

Revenue details
 Last quarter, Herbalife booked revenue of $1.12 billion. GAAP reported sales were 17% higher than the prior-year quarter's $964.2 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 $1.27. GAAP EPS of $1.10 for Q1 were 25% higher than the prior-year quarter's $0.88 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 47.5%, 80 basis points better than the prior-year quarter. Operating margin was 15.0%, 100 basis points worse than the prior-year quarter. Net margin was 10.6%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.63 billion. The average EPS estimate is $4.80.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 459 members out of 661 rating the stock outperform, and 202 members rating it underperform. Among 191 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 120 give Herbalife a green thumbs-up, and 71 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Herbalife is outperform, with an average price target of $61.43.

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