Tenaris (NYSE: TS) is expected to report Q2 earnings on Aug. 2. 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 Tenaris' revenues will expand 14.7% and EPS will increase 55.1%.

The average estimate for revenue is $2.76 billion. On the bottom line, the average EPS estimate is $0.76.

Revenue details
Last quarter, Tenaris booked revenue of $2.62 billion. GAAP reported sales were 13% higher than the prior-year quarter's $2.32 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 $0.75. GAAP EPS of $0.38 for Q1 were 41% higher than the prior-year quarter's $0.27 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 38.5%, 70 basis points better than the prior-year quarter. Operating margin was 21.5%, 210 basis points better than the prior-year quarter. Net margin was 17.0%, 330 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $11.26 billion. The average EPS estimate is $3.00.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 811 members out of 835 rating the stock outperform, and 24 members rating it underperform. Among 210 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give Tenaris a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenaris is outperform, with an average price target of $47.30.

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