Advantage Oil & Gas (NYSE: AAV) is expected to report Q2 earnings around Aug. 9. 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 Advantage Oil & Gas' revenues will wane -13.7% and EPS will shrink to a loss.

The average estimate for revenue is $55.0 million. On the bottom line, the average EPS estimate is -$0.09.

Revenue details
Last quarter, Advantage Oil & Gas tallied revenue of $33.5 million. GAAP reported sales were 8.8% lower than the prior-year quarter's $70.2 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, EPS came in at -$0.06. GAAP EPS were -$0.06 for Q1 compared to -$0.04 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 64.1%, 290 basis points worse than the prior-year quarter. Operating margin was -8.1%, 1,030 basis points worse than the prior-year quarter. Net margin was -16.5%, 810 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $185.4 million. The average EPS estimate is -$0.35.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 584 members out of 613 rating the stock outperform, and 29 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Advantage Oil & Gas a green thumbs-up, and five give it a red thumbs-down.

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