Western Gas Partners (NYSE: WES) is expected to report Q2 earnings around July 19. 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 Western Gas Partners's revenues will grow 23.8% and EPS will grow 21.2%.

The average estimate for revenue is $254.1 million. On the bottom line, the average EPS estimate is $0.40.

Revenue details
 Last quarter, Western Gas Partners booked revenue of $229.7 million. GAAP reported sales were 2.3% higher than the prior-year quarter's $224.7 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 $0.31. GAAP EPS of $0.31 for Q1 were 35% lower than the prior-year quarter's $0.48 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 47.8%, 90 basis points worse than the prior-year quarter. Operating margin was 27.9%, 200 basis points worse than the prior-year quarter. Net margin was 22.0%, 190 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.04 billion. The average EPS estimate is $1.60.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 233 members out of 238 rating the stock outperform, and five members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Western Gas Partners a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Western Gas Partners is outperform, with an average price target of $58.96.

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