Helix Energy Solutions Group (NYSE: HLX) is expected to report Q2 earnings on July 23. 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 Helix Energy Solutions Group's revenues will expand 3.5% and EPS will grow 12.8%.

The average estimate for revenue is $350.2 million. On the bottom line, the average EPS estimate is $0.44.

Revenue details
Last quarter, Helix Energy Solutions Group notched revenue of $407.9 million. GAAP reported sales were 40% higher than the prior-year quarter's $291.6 million.

My

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 $0.72. GAAP EPS of $0.62 for Q1 were 158% higher than the prior-year quarter's $0.24 per share.

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 40.6%, 1,520 basis points better than the prior-year quarter. Operating margin was 32.8%, 1,560 basis points better than the prior-year quarter. Net margin was 16.1%, 720 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.51 billion. The average EPS estimate is $2.07.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 927 members rating the stock outperform, and 38 members rating it underperform. Among 219 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give Helix Energy Solutions Group 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 Helix Energy Solutions Group is outperform, with an average price target of $22.33.

How did Helix Energy Solutions Group treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe another spike may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.