HNI (NYSE: HNI) 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 HNI's revenues will increase 6.1% and EPS will grow 47.1%.

The average estimate for revenue is $509.8 million. On the bottom line, the average EPS estimate is $0.25.

Revenue details
Last quarter, HNI logged revenue of $442.3 million. GAAP reported sales were 0.7% lower than the prior-year quarter's $445.2 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 $0.03. GAAP EPS of $0.03 for Q1 were much higher than the prior-year quarter's $0.00 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 33.4%, 40 basis points better than the prior-year quarter. Operating margin was 0.7%, 10 basis points worse than the prior-year quarter. Net margin was 0.3%, 30 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.08 billion. The average EPS estimate is $1.41.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 36 members out of 49 rating the stock outperform, and 13 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give HNI a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HNI is hold, with an average price target of $30.50.

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