PolyOne (NYSE: POL) is expected to report Q2 earnings on July 30. 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 PolyOne's revenues will grow 23.8% and EPS will shrink -5.4%.

The average estimate for revenue is $980.7 million. On the bottom line, the average EPS estimate is $0.35.

Revenue details
Last quarter, PolyOne reported revenue of $801.1 million. GAAP reported sales were 7.5% higher than the prior-year quarter's $745.5 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 $0.31. GAAP EPS of $0.16 for Q1 were 27% lower than the prior-year quarter's $0.22 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 19.6%, 190 basis points better than the prior-year quarter. Operating margin was 6.4%, 140 basis points better than the prior-year quarter. Net margin was 1.9%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.78 billion. The average EPS estimate is $1.22.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 167 members out of 182 rating the stock outperform, and 15 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give PolyOne 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 PolyOne is outperform, with an average price target of $27.33.

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