Staples (Nasdaq: SPLS) is expected to report Q2 earnings around Aug. 14. 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 Staples' revenues will drop -1.6%.

The average estimate for revenue is $5.73 billion. On the bottom line, the average EPS estimate is $0.22.

Revenue details
Last quarter, Staples reported revenue of $6.10 billion. GAAP reported sales were 1.1% lower than the prior-year quarter's $6.17 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, non-GAAP EPS came in at $0.30. GAAP EPS of $0.27 for Q1 were 3.6% lower than the prior-year quarter's $0.28 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 26.4%, 10 basis points worse than the prior-year quarter. Operating margin was 5.7%, 10 basis points better than the prior-year quarter. Net margin was 3.1%, 10 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $25.26 billion. The average EPS estimate is $1.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 940 members out of 1,017 rating the stock outperform, and 77 members rating it underperform. Among 282 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 261 give Staples a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Staples is outperform, with an average price target of $17.82.

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