Chemical & Mining Co. of Chile (NYSE: SQM) is expected to report Q2 earnings on Aug. 28. 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 Chemical & Mining Co. of Chile's revenues will improve 7.2% and EPS will improve 29.4%.

The average estimate for revenue is $591.4 million. On the bottom line, the average EPS estimate is $0.66.

Revenue details
Last quarter, Chemical & Mining Co. of Chile logged revenue of $529.6 million. GAAP reported sales were 10% higher than the prior-year quarter's $480.0 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, EPS came in at $0.57. GAAP EPS of $0.57 for Q1 were 36% higher than the prior-year quarter's $0.42 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 44.6%, 540 basis points better than the prior-year quarter. Operating margin was 38.9%, 660 basis points better than the prior-year quarter. Net margin was 28.3%, 510 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.45 billion. The average EPS estimate is $2.55.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,438 members out of 1,466 rating the stock outperform, and 28 members rating it underperform. Among 267 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 261 give Chemical & Mining Co. of Chile a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chemical & Mining Co. of Chile is outperform, with an average price target of $60.61.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.