Reliance Steel & Aluminum (NYSE: RS) is expected to report Q2 earnings on July 25. 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 Reliance Steel & Aluminum's revenues will expand 11.7% and EPS will shrink -17.4%.

The average estimate for revenue is $2.47 billion. On the bottom line, the average EPS estimate is $1.19.

Revenue details
Last quarter, Reliance Steel & Aluminum reported revenue of $2.03 billion. GAAP reported sales were 11% lower than the prior-year quarter's $2.29 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 $1.09. GAAP EPS of $1.09 for Q1 were 29% lower than the prior-year quarter's $1.54 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 26.1%, 80 basis points better than the prior-year quarter. Operating margin was 6.4%, 170 basis points worse than the prior-year quarter. Net margin was 4.1%, 100 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $9.51 billion. The average EPS estimate is $4.79.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 543 members out of 571 rating the stock outperform, and 28 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Reliance Steel & Aluminum 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 Reliance Steel & Aluminum is outperform, with an average price target of $75.42.

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