Murphy Oil (NYSE: MUR) is expected to report Q2 earnings on Aug. 1. 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 Murphy Oil's revenues will improve 9.9% and EPS will wither -13.8%.

The average estimate for revenue is $9.59 billion. On the bottom line, the average EPS estimate is $1.38.

Revenue details
 Last quarter, Murphy Oil tallied revenue of $6.99 billion. GAAP reported sales were 12% higher than the prior-year quarter's $6.27 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, EPS came in at $1.49. GAAP EPS of $1.49 for Q1 were 8.0% higher than the prior-year quarter's $1.38 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 14.1%, 60 basis points better than the prior-year quarter. Operating margin was 7.0%, 50 basis points better than the prior-year quarter. Net margin was 4.1%, 20 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $28.75 billion. The average EPS estimate is $5.46.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 501 members out of 516 rating the stock outperform, and 15 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Murphy Oil a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Murphy Oil is outperform, with an average price target of $67.57.

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