Inergy (NYSE: NRGY) is expected to report Q3 earnings around July 25. 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 Inergy's revenues will grow 10.5% and EPS will turn positive

The average estimate for revenue is $410.6 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Inergy booked revenue of $450.4 million. GAAP reported sales were 32% lower than the prior-year quarter's $662.4 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 $0.02. GAAP EPS were -$0.04 for Q2 against $0.31 per share for the prior-year quarter.

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 19.5%, much worse than the prior-year quarter. Operating margin was 2.3%, 810 basis points worse than the prior-year quarter. Net margin was -1.3%, 740 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.74 billion. The average EPS estimate is $0.10.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 222 members out of 238 rating the stock outperform, and 16 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Inergy a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inergy is outperform, with an average price target of $22.00.

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