Raytheon (NYSE: RTN) is expected to report Q2 earnings on 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 Raytheon's revenues will contract -3.6% and EPS will decrease -7.8%.

The average estimate for revenue is $5.77 billion. On the bottom line, the average EPS estimate is $1.30.

Revenue details
 Last quarter, Raytheon logged revenue of $5.88 billion. GAAP reported sales were 1.0% lower than the prior-year quarter's $5.94 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 $1.56. GAAP EPS of $1.48 for Q1 were 12% higher than the prior-year quarter's $1.32 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 21.7%, 20 basis points better than the prior-year quarter. Operating margin was 12.0%, 10 basis points better than the prior-year quarter. Net margin was 8.3%, 80 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $23.51 billion. The average EPS estimate is $5.44.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Raytheon is hold, with an average price target of $58.60.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Raytheon. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.