Checkpoint Systems (NYSE: CKP) is expected to report Q2 earnings around 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 Checkpoint Systems's revenues will compress -12.2% and EPS will turn positive

The average estimate for revenue is $174.2 million. On the bottom line, the average EPS estimate is $0.18.

Revenue details
 Last quarter, Checkpoint Systems booked revenue of $148.8 million. GAAP reported sales were 3.2% higher than the prior-year quarter's $144.2 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 -$0.21. GAAP EPS were -$0.15 for Q1 against -$0.27 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 36.2%, 60 basis points worse than the prior-year quarter. Operating margin was -3.8%, 800 basis points better than the prior-year quarter. Net margin was -4.2%, 340 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $686.5 million. The average EPS estimate is $0.71.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 86 members out of 100 rating the stock outperform, and 14 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Checkpoint Systems a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Checkpoint Systems is buy, with an average price target of $18.00.

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