Copano Energy (Nasdaq: CPNO) is expected to report Q2 earnings on Wednesday. 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 Copano Energy's revenues will expand 9.3% and EPS will increase 100%.

The average estimate for revenue is $378.2 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
Last quarter, Copano Energy booked revenue of $337.2 million. GAAP reported sales were 16% higher than the prior-year quarter's $289.9 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, non-GAAP EPS came in at -$1.79. GAAP EPS were -$2.20 for Q1 compared to -$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 13.7%, 190 basis points worse than the prior-year quarter. Operating margin was 3.2%, 190 basis points worse than the prior-year quarter. Net margin was -43.8%, 4,500 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.44 billion. The average EPS estimate is -$0.07.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 342 members rating the stock outperform and 15 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Copano Energy a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Copano Energy is hold, with an average price target of $38.00.

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