Gildan Activewear (NYSE: GIL) is expected to report Q3 earnings on Aug. 1. 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 Gildan Activewear's revenues will grow 5.2% and EPS will increase 42.4%.

The average estimate for revenue is $631.5 million. On the bottom line, the average EPS estimate is $0.94.

Revenue details
 Last quarter, Gildan Activewear notched revenue of $523.0 million. GAAP reported sales were 8.4% higher than the prior-year quarter's $482.6 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 $0.60. GAAP EPS of $0.59 for Q2 were 168% higher than the prior-year quarter's $0.22 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 28.9%, much better than the prior-year quarter. Operating margin was 14.8%, 810 basis points better than the prior-year quarter. Net margin was 13.8%, 820 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.17 billion. The average EPS estimate is $2.70.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 241 members out of 258 rating the stock outperform, and 17 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Gildan Activewear a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gildan Activewear is outperform, with an average price target of $40.45.

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