Con-way (NYSE: CNW) is expected to report Q2 earnings on July 31. 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 Con-way's revenues will improve 7.9% and EPS will increase 36.0%.

The average estimate for revenue is $1.45 billion. On the bottom line, the average EPS estimate is $0.68.

Revenue details
 Last quarter, Con-way recorded revenue of $1.37 billion. GAAP reported sales were 9.7% higher than the prior-year quarter's $1.25 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 $0.45. GAAP EPS of $0.46 for Q1 were 283% higher than the prior-year quarter's $0.12 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 17.9%, 40 basis points better than the prior-year quarter. Operating margin was 4.1%, 120 basis points better than the prior-year quarter. Net margin was 1.9%, 130 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.71 billion. The average EPS estimate is $2.30.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 93 members out of 118 rating the stock outperform, and 25 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Con-way a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Con-way is outperform, with an average price target of $35.53.

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