United Rentals (NYSE: URI) is expected to report Q2 earnings on July 17. 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 United Rentals's revenues will improve 63.1% and EPS will increase 47.5%.

The average estimate for revenue is $1.03 billion. On the bottom line, the average EPS estimate is $0.59.

Revenue details
Last quarter, United Rentals booked revenue of $656.0 million. GAAP reported sales were 25% higher than the prior-year quarter's $523.0 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.36. GAAP EPS were $0.17 for Q1 versus -$0.34 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 32.5%, 610 basis points better than the prior-year quarter. Operating margin was 14.8%, 890 basis points better than the prior-year quarter. Net margin was 2.0%, 580 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $4.34 billion. The average EPS estimate is $3.13.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 199 members out of 220 rating the stock outperform, and 21 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give United Rentals a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Rentals is outperform, with an average price target of $46.17.