Teekay LNG Partners (NYSE: TGP) 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 Teekay LNG Partners' revenues will increase 8.8% and EPS will increase 27.5%.

The average estimate for revenue is $100.3 million. On the bottom line, the average EPS estimate is $0.51.

Revenue details
Last quarter, Teekay LNG Partners booked revenue of $99.2 million. GAAP reported sales were 6.4% higher than the prior-year quarter's $93.2 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, non-GAAP EPS came in at $0.55. GAAP EPS of $0.30 for Q1 were 25% lower than the prior-year quarter's $0.40 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 79.0%, 170 basis points better than the prior-year quarter. Operating margin was 47.0%, 50 basis points better than the prior-year quarter. Net margin was 24.9%, 190 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $403.8 million. The average EPS estimate is $2.06.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 227 members out of 234 rating the stock outperform, and seven members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Teekay LNG Partners 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 Teekay LNG Partners is outperform, with an average price target of $41.70.