Black Diamond (Nasdaq: BDE) 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 Black Diamond's revenues will grow 26.2% and EPS will remain in the red.

The average estimate for revenue is $40.3 million. On the bottom line, the average EPS estimate is -$0.05.

Revenue details
 Last quarter, Black Diamond booked revenue of $51.0 million. GAAP reported sales were 9.9% higher than the prior-year quarter's $46.4 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 -$0.09. GAAP EPS were -$0.10 for Q1 against $0.10 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 37.7%, 240 basis points worse than the prior-year quarter. Operating margin was -3.3%, much worse than the prior-year quarter. Net margin was -5.9%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $218.1 million. The average EPS estimate is $0.00.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 13 members out of 17 rating the stock outperform, and four members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Black Diamond 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 Black Diamond is buy, with an average price target of $11.79.

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