Mattel (Nasdaq: MAT) is expected to report Q2 earnings on July 17. 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 Mattel's revenues will decrease 2.2% and EPS will contract 8.7%.

The average estimate for revenue is $1.14 billion. On the bottom line, the average EPS estimate is $0.21.

Revenue details
Last quarter, Mattel booked revenue of $928.4 million. GAAP reported sales were 2.5% lower than the prior-year quarter's $951.9 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 $0.06. GAAP EPS of $0.02 for Q1 were 60% lower than the prior-year quarter's $0.05 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 51.0%, 130 basis points better than the prior-year quarter. Operating margin was 4.8%, 20 basis points better than the prior-year quarter. Net margin was 0.8%, 90 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $6.43 billion. The average EPS estimate is $2.39.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 653 members out of 742 rating the stock outperform, and 89 members rating it underperform. Among 200 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 187 give Mattel a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mattel is outperform, with an average price target of $35.73.

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