FX Energy (Nasdaq: FXEN) is expected to report Q2 earnings on 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 FX Energy's revenue will increase 2.5% and EPS will shrink 150.0%.

The average estimate for revenue is $9.4 million. On the bottom line, the average EPS estimate is $0.01.

Revenue details
Last quarter, FX Energy recorded revenue of $8.6 million. GAAP reported sales were 20% higher than the prior-year quarter's $7.1 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 $0.00. GAAP EPS of $0.28 for Q1 were 100% higher than the prior-year quarter's $0.14 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 82.4%, 490 basis points worse than the prior-year quarter. Operating margin was 8.4%, 440 basis points better than the prior-year quarter. Net margin was 171.1%, 7,970 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $39.8 million. The average EPS estimate is $0.00.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 127 members out of 145 rating the stock outperform, and 18 members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give FX Energy a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FX Energy is buy, with an average price target of $9.71.