Vale (NYSE: VALE) is expected to report Q2 earnings on July 24. 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 Vale's revenues will wither -3.8% and EPS will contract -21.7%.

The average estimate for revenue is $11.44 billion. On the bottom line, the average EPS estimate is $0.47.

Revenue details
Last quarter, Vale notched revenue of $10.94 billion. GAAP reported sales were 4.0% lower than the prior-year quarter's $11.22 billion.

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 $0.62. GAAP EPS of $0.59 for Q1 were 17% lower than the prior-year quarter's $0.71 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 47.5%, 90 basis points better than the prior-year quarter. Operating margin was 35.7%, 220 basis points better than the prior-year quarter. Net margin was 28.4%, 440 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $47.04 billion. The average EPS estimate is $2.10.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 6,390 members out of 6,564 rating the stock outperform, and 174 members rating it underperform. Among 903 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 863 give Vale a green thumbs-up, and 40 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vale is outperform, with an average price target of $22.48.

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