Eaton (NYSE: ETN) 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 Eaton's revenues will expand 3.6% and EPS will grow 12.4%.

The average estimate for revenue is $4.24 billion. On the bottom line, the average EPS estimate is $1.09.

Revenue details
Last quarter, Eaton logged revenue of $3.96 billion. GAAP reported sales were 4.1% higher than the prior-year quarter's $3.80 billion.

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 $0.92. GAAP EPS of $0.91 for Q1 were 9.6% higher than the prior-year quarter's $0.83 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 30.5%, 100 basis points better than the prior-year quarter. Operating margin was 10.1%, 90 basis points better than the prior-year quarter. Net margin was 7.9%, 40 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $16.93 billion. The average EPS estimate is $4.38.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 860 members out of 880 rating the stock outperform, and 20 members rating it underperform. Among 229 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 228 give Eaton a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Eaton is outperform, with an average price target of $58.14.

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