OM Group (NYSE: OMG) is expected to report Q2 earnings on Aug. 1. 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 OM Group's revenues will decrease -32.9% and EPS will drop -59.3%.

The average estimate for revenue is $292.9 million. On the bottom line, the average EPS estimate is $0.24.

Revenue details
 Last quarter, OM Group reported revenue of $278.0 million. GAAP reported sales were 22% lower than the prior-year quarter's $466.2 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, non-GAAP EPS came in at $0.15. GAAP EPS were -$3.44 for Q1 compared to $0.37 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 21.1%, 20 basis points worse than the prior-year quarter. Operating margin was 3.9%, 350 basis points worse than the prior-year quarter. Net margin was -30.1%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.09 billion. The average EPS estimate is $1.06.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OM Group is outperform, with an average price target of $33.50.

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