USG (NYSE: USG) is expected to report Q2 earnings around July 24. 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 USG's revenues will expand 6.6% and EPS will turn positive

The average estimate for revenue is $879.1 million. On the bottom line, the average EPS estimate is $0.19.

Revenue details
Last quarter, USG reported revenue of $814.0 million. GAAP reported sales were 4.0% higher than the prior-year quarter's $783.0 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, non-GAAP EPS came in at $0.01. GAAP EPS were $0.02 for Q1 against -$0.26 per share for the prior-year quarter.

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 15.2%, 220 basis points better than the prior-year quarter. Operating margin was 6.3%, 300 basis points better than the prior-year quarter. Net margin was 0.2%, 360 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.52 billion. The average EPS estimate is $0.59.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,707 members out of 1,847 rating the stock outperform, and 140 members rating it underperform. Among 501 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 472 give USG a green thumbs-up, and 29 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on USG is outperform, with an average price target of $31.00.

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