Westar Energy (NYSE: WR) is expected to report Q2 earnings on Aug. 7. 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 Westar Energy's revenues will expand 5.6% and EPS will increase 15.8%.

The average estimate for revenue is $554.4 million. On the bottom line, the average EPS estimate is $0.44.

Revenue details
Last quarter, Westar Energy reported revenue of $475.7 million. GAAP reported sales were 1.3% lower than the prior-year quarter's $481.7 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, EPS came in at $0.21. GAAP EPS of $0.21 for Q1 were 22% lower than the prior-year quarter's $0.27 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 40.4%, 320 basis points worse than the prior-year quarter. Operating margin was 15.0%, 390 basis points worse than the prior-year quarter. Net margin was 5.8%, 80 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $2.23 billion. The average EPS estimate is $1.93.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 162 members out of 171 rating the stock outperform, and nine members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Westar 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 Westar Energy is outperform, with an average price target of $30.00.

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