International Flavors & Fragrances (NYSE: IFF) is expected to report Q2 earnings around Aug. 5. 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 International Flavors & Fragrances's revenues will grow 4.3% and EPS will grow 8.3%.

The average estimate for revenue is $752.6 million. On the bottom line, the average EPS estimate is $1.17.

Revenue details
Last quarter, International Flavors & Fragrances logged revenue of $727.8 million. GAAP reported sales were 2.4% higher than the prior-year quarter's $710.6 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 $1.19. GAAP EPS of $1.10 for Q1 were 11% higher than the prior-year quarter's $0.99 per share.

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 42.9%, 270 basis points better than the prior-year quarter. Operating margin was 19.1%, 190 basis points better than the prior-year quarter. Net margin was 12.5%, 110 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.93 billion. The average EPS estimate is $4.45.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 78 members out of 95 rating the stock outperform, and 17 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give International Flavors & Fragrances a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Flavors & Fragrances is outperform, with an average price target of $72.86.

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