Spirit AeroSystems Holdings (NYSE: SPR) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Spirit AeroSystems Holdings' revenues will contract -10.0% and EPS will grow 133.3%.

The average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $0.49.

Revenue details
Last quarter, Spirit AeroSystems Holdings logged revenue of $1.27 billion. GAAP reported sales were 21% higher than the prior-year quarter's $1.05 billion.

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, EPS came in at $0.52. GAAP EPS of $0.52 for Q1 were 117% higher than the prior-year quarter's $0.24 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 13.9%, 230 basis points better than the prior-year quarter. Operating margin was 9.7%, 310 basis points better than the prior-year quarter. Net margin was 5.8%, 250 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $5.36 billion. The average EPS estimate is $2.16.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 298 members out of 315 rating the stock outperform, and 17 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Spirit AeroSystems Holdings 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 Spirit AeroSystems Holdings is outperform, with an average price target of $28.05.