Calamos Asset Management (Nasdaq: CLMS) is expected to report Q2 earnings on Aug. 6. 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 Calamos Asset Management's revenues will contract -19.8% and EPS will increase 66.7%.

The average estimate for revenue is $66.3 million. On the bottom line, the average EPS estimate is $0.15.

Revenue details
 Last quarter, Calamos Asset Management logged revenue of $71.0 million. GAAP reported sales were 17% lower than the prior-year quarter's $85.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, EPS came in at $0.16. GAAP EPS of $0.16 for Q1 were 53% lower than the prior-year quarter's $0.34 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 48.6%, 490 basis points worse than the prior-year quarter. Operating margin was 31.2%, 520 basis points worse than the prior-year quarter. Net margin was 4.6%, 370 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $261.5 million. The average EPS estimate is $0.56.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 75 members out of 85 rating the stock outperform, and 10 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Calamos Asset Management 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 Calamos Asset Management is underperform, with an average price target of $9.38.

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