Skechers USA (NYSE: SKX) 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 Skechers USA's revenues will grow 11.4% and EPS will turn positive

The average estimate for revenue is $427.6 million. On the bottom line, the average EPS estimate is $0.03.

Revenue details
Last quarter, Skechers USA recorded revenue of $451.6 million. GAAP reported sales were 29% higher than the prior-year quarter's $352.4 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 $0.21. GAAP EPS were $0.13 for Q1 compared to -$0.07 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 42.3%, 220 basis points worse than the prior-year quarter. Operating margin was 2.8%, 400 basis points better than the prior-year quarter. Net margin was 1.5%, 250 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.84 billion. The average EPS estimate is $1.02.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 486 members out of 515 rating the stock outperform, and 29 members rating it underperform. Among 148 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 140 give Skechers USA a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skechers USA is outperform, with an average price target of $24.50.

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