Rosetta Resources (Nasdaq: ROSE) is expected to report Q2 earnings around Aug. 8. 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 Rosetta Resources' revenues will increase 14.9% and EPS will expand 31.8%.

The average estimate for revenue is $128.2 million. On the bottom line, the average EPS estimate is $0.58.

Revenue details
Last quarter, Rosetta Resources notched revenue of $114.5 million. GAAP reported sales were 34% higher than the prior-year quarter's $97.1 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 $0.64. GAAP EPS of $0.42 for Q1 were 100% higher than the prior-year quarter's $0.21 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 81.8%, 200 basis points better than the prior-year quarter. Operating margin was 31.1%, 810 basis points better than the prior-year quarter. Net margin was 17.1%, 580 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $569.3 million. The average EPS estimate is $2.77.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 292 members out of 311 rating the stock outperform, and 19 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Rosetta Resources 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 Rosetta Resources is outperform, with an average price target of $59.76.

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