Merit Medical Systems (Nasdaq: MMSI) is expected to report Q2 earnings on July 31. 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 Merit Medical Systems's revenues will expand 11.9% and EPS will wane -38.1%.

The average estimate for revenue is $112.4 million. On the bottom line, the average EPS estimate is $0.13.

Revenue details
 Last quarter, Merit Medical Systems booked revenue of $103.9 million. GAAP reported sales were 8.7% higher than the prior-year quarter's $95.6 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 $0.10. GAAP EPS of $0.02 for Q1 were 86% lower than the prior-year quarter's $0.14 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 41.4%, 480 basis points worse than the prior-year quarter. Operating margin was 2.2%, 640 basis points worse than the prior-year quarter. Net margin was 0.6%, 540 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $446.6 million. The average EPS estimate is $0.51.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 85 members out of 90 rating the stock outperform, and five members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Merit Medical Systems a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Merit Medical Systems is outperform, with an average price target of $15.40.

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