Federal-Mogul (Nasdaq: FDML) is expected to report Q2 earnings around 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 Federal-Mogul's revenues will improve 2.0% and EPS will shrink -12.5%.

The average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is $0.56.

Revenue details
 Last quarter, Federal-Mogul logged revenue of $1.76 billion. GAAP reported sales were 2.3% higher than the prior-year quarter's $1.72 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 $0.37. GAAP EPS of $0.32 for Q1 were 37% lower than the prior-year quarter's $0.51 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 15.7%, 50 basis points worse than the prior-year quarter. Operating margin was 4.6%, 60 basis points worse than the prior-year quarter. Net margin was 1.8%, 120 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.08 billion. The average EPS estimate is $1.64.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 43 members out of 74 rating the stock outperform, and 31 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Federal-Mogul a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Federal-Mogul is outperform, with an average price target of $18.00.

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