UIL Holdings (NYSE: UIL) is expected to report Q2 earnings on Aug. 3. 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 UIL Holdings' revenues will increase 3.4% and EPS will improve 17.9%.

The average estimate for revenue is $324.7 million. On the bottom line, the average EPS estimate is $0.33.

Revenue details
Last quarter, UIL Holdings recorded revenue of $458.3 million. GAAP reported sales were 18% lower than the prior-year quarter's $561.1 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, EPS came in at $0.92. GAAP EPS of $0.92 for Q1 were 9.8% lower than the prior-year quarter's $1.02 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 35.9%, 380 basis points better than the prior-year quarter. Operating margin was 19.1%, 130 basis points better than the prior-year quarter. Net margin was 10.3%, 100 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.57 billion. The average EPS estimate is $2.11.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 69 members out of 72 rating the stock outperform, and three members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give UIL Holdings a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UIL Holdings is outperform, with an average price target of $35.29.

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