Expedia (Nasdaq: EXPE) is expected to report Q2 earnings on July 26. 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 Expedia's revenues will wither 3.5% and EPS will contract 35.5%.

The average estimate for revenue is $988.1 million. On the bottom line, the average EPS estimate is $0.71.

Revenue details
Last quarter, Expedia reported revenue of $816.5 million. GAAP reported sales were 12% higher than the prior-year quarter's $727.8 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 $0.26. GAAP EPS were -$0.02 for Q1 versus $0.37 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 75.5%, 40 basis points worse than the prior-year quarter. Operating margin was 5.9%, 70 basis points better than the prior-year quarter. Net margin was -0.4%, 750 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.81 billion. The average EPS estimate is $2.82.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 338 members out of 432 rating the stock outperform, and 94 members rating it underperform. Among 138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Expedia a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Expedia is hold, with an average price target of $35.35.

If you're invested in retailers like Expedia, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big-box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.