Inergy (NYSE: NRGY) is expected to report Q3 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 Inergy's revenues will expand 2.6% and EPS will remain in the red.

The average estimate for revenue is $399.0 million. On the bottom line, the average EPS estimate is -$0.19.

Revenue details
Last quarter, Inergy booked revenue of $662.4 million. GAAP reported sales were 8.1% lower than the prior-year quarter's $720.5 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 $0.35. GAAP EPS of $0.31 for Q2 were 3.3% higher than the prior-year quarter's $0.30 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 30.2%, 350 basis points worse than the prior-year quarter. Operating margin was 10.4%, 540 basis points worse than the prior-year quarter. Net margin was 6.1%, 100 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $2.12 billion. The average EPS estimate is $0.16.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 223 members out of 240 rating the stock outperform, and 17 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Inergy 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 Inergy is hold, with an average price target of $18.00.

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