PetroQuest Energy (NYSE: PQ) 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 with the prior-year quarter, average analyst estimates predict PetroQuest Energy's revenues will shrink -15.4% and EPS will shrink to a loss.

The average estimate for revenue is $35.5 million. On the bottom line, the average EPS estimate is -$0.02.

Revenue details
Last quarter, PetroQuest Energy notched revenue of $36.0 million. GAAP reported sales were 13% lower than the prior-year quarter's $41.6 million.

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 $0.01. GAAP EPS were -$0.30 for Q1 compared to $0.03 per share for the prior-year quarter.

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 70.0%, 440 basis points worse than the prior-year quarter. Operating margin was 10.9%, 1,730 basis points worse than the prior-year quarter. Net margin was -48.1%, 5,570 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $152.9 million. The average EPS estimate is $0.05.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 443 members out of 470 rating the stock outperform, and 27 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give PetroQuest Energy a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $9.50.

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