Fluor (NYSE: FLR) 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 Fluor's revenues will improve 11.5% and EPS will wane -2.1%.

The average estimate for revenue is $6.73 billion. On the bottom line, the average EPS estimate is $0.92.

Revenue details
Last quarter, Fluor reported revenue of $6.29 billion. GAAP reported sales were 24% higher than the prior-year quarter's $5.06 billion.

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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 $0.91. GAAP EPS of $0.91 for Q1 were 17% higher than the prior-year quarter's $0.78 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 4.4%, 90 basis points worse than the prior-year quarter. Operating margin was 3.8%, 90 basis points worse than the prior-year quarter. Net margin was 2.5%, 30 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $27.10 billion. The average EPS estimate is $3.77.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,267 members out of 1,301 rating the stock outperform, and 34 members rating it underperform. Among 251 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 give Fluor a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluor is outperform, with an average price target of $72.20.