Baidu (Nasdaq: BIDU) 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 Baidu's revenue will expand 62.6% and EPS will improve 54.2%.

The average estimate for revenue is $861.1 million. On the bottom line, the average EPS estimate is $1.11.

Revenue details
Last quarter, Baidu logged revenue of $677.1 million. GAAP reported sales were 82% higher than the prior-year quarter's $372.1 million.

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, EPS came in at $0.85. GAAP EPS of $0.85 for Q1 were 81% higher than the prior-year quarter's $0.47 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 77.9%, 120 basis points worse than the prior-year quarter. Operating margin was 49.1%, 10 basis points better than the prior-year quarter. Net margin was 44.2%, 30 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.54 billion. The average EPS estimate is $4.54.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,407 members out of 5,040 rating the stock outperform, and 633 members rating it underperform. Among 1,087 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 955 give Baidu a green thumbs-up, and 132 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Baidu is buy, with an average price target of $186.61.

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