Otter Tail (Nasdaq: OTTR) is expected to report Q2 earnings on 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 Otter Tail's revenues will contract -22.3% and EPS will contract -10.3%.

The average estimate for revenue is $220.4 million. On the bottom line, the average EPS estimate is $0.26.

Revenue details
Last quarter, Otter Tail tallied revenue of $218.0 million. GAAP reported sales were 0.9% lower than the prior-year quarter's $219.9 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, EPS came in at $0.41. GAAP EPS of $0.41 for Q1 were 105% higher than the prior-year quarter's $0.20 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 27.0%, 430 basis points better than the prior-year quarter. Operating margin was 12.5%, 400 basis points better than the prior-year quarter. Net margin was 7.0%, 370 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $867.9 million. The average EPS estimate is $1.43.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 908 members out of 931 rating the stock outperform, and 23 members rating it underperform. Among 290 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 285 give Otter Tail a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Otter Tail is hold, with an average price target of $26.67.

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