Chico's FAS (NYSE: CHS) is expected to report Q2 earnings around Aug. 22. 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 Chico's FAS's revenues will grow 16.3% and EPS will improve 20.0%.

The average estimate for revenue is $641.3 million. On the bottom line, the average EPS estimate is $0.30.

Revenue details
 Last quarter, Chico's FAS reported revenue of $650.8 million. GAAP reported sales were 21% higher than the prior-year quarter's $537.2 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 $0.33. GAAP EPS of $0.32 for Q1 were 23% higher than the prior-year quarter's $0.26 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 58.2%, 90 basis points worse than the prior-year quarter. Operating margin was 13.4%, 20 basis points worse than the prior-year quarter. Net margin was 8.2%, 30 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.58 billion. The average EPS estimate is $1.04.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chico's FAS is outperform, with an average price target of $16.24.

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