Flotek Industries (NYSE: FTK) is expected to report Q2 earnings on Aug. 8. 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 Flotek Industries' revenues will increase 41.6% and EPS will increase 260.0%.

The average estimate for revenue is $79.2 million. On the bottom line, the average EPS estimate is $0.18.

Revenue details
Last quarter, Flotek Industries reported revenue of $79.2 million. GAAP reported sales were 50% higher than the prior-year quarter's $52.9 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 $0.07. GAAP EPS of $0.07 for Q1 were 46% lower than the prior-year quarter's $0.13 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 42.2%, 220 basis points better than the prior-year quarter. Operating margin was 21.1%, 360 basis points better than the prior-year quarter. Net margin was 4.6%, 1,500 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $332.6 million. The average EPS estimate is $0.77.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 752 members out of 784 rating the stock outperform, and 32 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give Flotek Industries a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $16.33.

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