Lender Processing Services (NYSE: LPS) is expected to report Q2 earnings around July 18. 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 Lender Processing Services's revenues will drop -12.0% and EPS will drop -14.5%.

The average estimate for revenue is $469.3 million. On the bottom line, the average EPS estimate is $0.65.

Revenue details
 Last quarter, Lender Processing Services recorded revenue of $471.7 million. GAAP reported sales were 2.9% lower than the prior-year quarter's $485.8 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, non-GAAP EPS came in at $0.66. GAAP EPS of $0.63 for Q1 were 13% higher than the prior-year quarter's $0.56 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 26.6%, 250 basis points better than the prior-year quarter. Operating margin was 21.1%, 190 basis points better than the prior-year quarter. Net margin was 11.4%, 170 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.85 billion. The average EPS estimate is $2.59.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 101 members out of 122 rating the stock outperform, and 21 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Lender Processing Services a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lender Processing Services is hold, with an average price target of $26.83.

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