AstraZeneca (NYSE: AZN) 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 AstraZeneca's revenues will compress -17.7% and EPS will contract -20.2%.

The average estimate for revenue is $6.94 billion. On the bottom line, the average EPS estimate is $1.38.

Revenue details
Last quarter, AstraZeneca recorded revenue of $7.35 billion. GAAP reported sales were 11% lower than the prior-year quarter's $8.29 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 $1.81. GAAP EPS of $1.28 for Q1 were 38% lower than the prior-year quarter's $2.07 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 82.0%, 200 basis points worse than the prior-year quarter. Operating margin was 39.6%, 310 basis points worse than the prior-year quarter. Net margin was 22.3%, 1,280 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $28.80 billion. The average EPS estimate is $5.90.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 44 members out of 49 rating the stock outperform, and five members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give AstraZeneca a green thumbs-up, and none give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AstraZeneca is hold, with an average price target of $48.39.

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