Fossil Group (Nasdaq: FOSL) 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 Fossil Group's revenues will increase 8.6% and EPS will expand 1.1%.

The average estimate for revenue is $691.1 million. On the bottom line, the average EPS estimate is $0.93.

Revenue details
Last quarter, Fossil Group booked revenue of $680.9 million. GAAP reported sales were 15% higher than the prior-year quarter's $589.5 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 $1.10. GAAP EPS of $1.21 for Q1 were 30% higher than the prior-year quarter's $0.93 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 55.6%, 20 basis points worse than the prior-year quarter. Operating margin was 13.9%, 20 basis points worse than the prior-year quarter. Net margin was 10.6%, 70 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.17 billion. The average EPS estimate is $6.18.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 529 members out of 589 rating the stock outperform, and 60 members rating it underperform. Among 189 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 185 give Fossil Group a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fossil Group is outperform, with an average price target of $111.92.

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Seth Jayson owned shares of the following at the time of publication: Fossil Group. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Fossil. The Motley Fool owns shares of Fossil. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.