DryShips (Nasdaq: DRYS) is expected to report Q2 earnings around Aug. 6. 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 DryShips' revenue will expand 53.9% and EPS will increase 25.0%.

The average estimate for revenue is $344.8 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
Last quarter, DryShips booked revenue of $247.5 million. GAAP reported sales were 19% higher than the prior-year quarter's $207.4 million.

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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, non-GAAP EPS came in at -$0.11. GAAP EPS were -$0.12 for Q1 versus $0.07 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 54.8%, 1,170 basis points worse than the prior-year quarter. Operating margin was 8.6%, 1,810 basis points worse than the prior-year quarter. Net margin was -19.2%, 3,160 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$0.02.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,949 members out of 3,314 rating the stock outperform, and 365 members rating it underperform. Among 539 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 422 give DryShips a green thumbs-up, and 117 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DryShips is outperform, with an average price target of $3.90.

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