Kroger (NYSE: KR) is expected to report Q2 earnings around 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 Kroger's revenues will grow 5.0% and EPS will grow 19.5%.

The average estimate for revenue is $21.96 billion. On the bottom line, the average EPS estimate is $0.49.

Revenue details
Last quarter, Kroger chalked up revenue of $29.06 billion. GAAP reported sales were 5.8% higher than the prior-year quarter's $27.46 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 $0.78. GAAP EPS of $0.78 for Q1 were 11% higher than the prior-year quarter's $0.70 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 20.5%, 80 basis points worse than the prior-year quarter. Operating margin was 2.8%, 20 basis points worse than the prior-year quarter. Net margin was 1.5%, 10 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $96.47 billion. The average EPS estimate is $2.36.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 620 members out of 689 rating the stock outperform, and 69 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Kroger 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 Kroger is outperform, with an average price target of $26.05.

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