Louisiana-Pacific (NYSE: LPX) is expected to report Q2 earnings on Aug. 6. 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 Louisiana-Pacific's revenues will grow 29.0% and EPS will expand 1550.0%.

The average estimate for revenue is $551.8 million. On the bottom line, the average EPS estimate is $0.33.

Revenue details
 Last quarter, Louisiana-Pacific tallied revenue of $537.5 million. GAAP reported sales were 49% higher than the prior-year quarter's $361.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.41. GAAP EPS were $0.45 for Q1 compared to -$0.08 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 27.0%, much better than the prior-year quarter. Operating margin was 16.6%, much better than the prior-year quarter. Net margin was 12.1%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.08 billion. The average EPS estimate is $1.09.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Louisiana-Pacific is hold, with an average price target of $20.77.

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