PPL (NYSE: PPL) 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 PPL's revenues will contract -10.1% and EPS will decrease -8.9%.

The average estimate for revenue is $2.24 billion. On the bottom line, the average EPS estimate is $0.41.

Revenue details
Last quarter, PPL recorded revenue of $4.11 billion. GAAP reported sales were 41% higher than the prior-year quarter's $2.91 billion.

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 $0.70. GAAP EPS of $0.93 for Q1 were 13% higher than the prior-year quarter's $0.82 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 34.3%, 310 basis points worse than the prior-year quarter. Operating margin was 25.7%, 200 basis points worse than the prior-year quarter. Net margin was 13.2%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.45 billion. The average EPS estimate is $2.32.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 396 members out of 407 rating the stock outperform, and 11 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give PPL a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPL is outperform, with an average price target of $30.25.