Gulf Island Fabrication (Nasdaq: GIFI) 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 Gulf Island Fabrication's revenues will shrink -7.1% and EPS will contract -63.5%.

The average estimate for revenue is $127.4 million. On the bottom line, the average EPS estimate is $0.19.

Revenue details
 Last quarter, Gulf Island Fabrication booked revenue of $150.4 million. GAAP reported sales were 33% higher than the prior-year quarter's $113.1 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 $0.19. GAAP EPS of $0.19 for Q1 were 60% lower than the prior-year quarter's $0.47 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 4.5%, 670 basis points worse than the prior-year quarter. Operating margin was 2.9%, 600 basis points worse than the prior-year quarter. Net margin was 1.9%, 410 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $518.9 million. The average EPS estimate is $0.88.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 357 members out of 374 rating the stock outperform, and 17 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give Gulf Island Fabrication a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulf Island Fabrication is hold, with an average price target of $27.00.

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