Enbridge Energy Partners (NYSE: EEP) is expected to report Q2 earnings around July 30. 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 Enbridge Energy Partners's revenues will grow 12.6% and EPS will contract -4.3%.

The average estimate for revenue is $1.75 billion. On the bottom line, the average EPS estimate is $0.22.

Revenue details
 Last quarter, Enbridge Energy Partners chalked up revenue of $1.69 billion. GAAP reported sales were 7.0% lower than the prior-year quarter's $1.82 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 $0.21. GAAP EPS were -$0.37 for Q1 compared to $0.25 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 27.6%, 110 basis points better than the prior-year quarter. Operating margin was 0.3%, much worse than the prior-year quarter. Net margin was -4.9%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.24 billion. The average EPS estimate is $0.94.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enbridge Energy Partners is outperform, with an average price target of $31.75.

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