Cummins (NYSE: CMI) 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 Cummins's revenues will decrease -4.2% and EPS will wither -18.8%.

The average estimate for revenue is $4.27 billion. On the bottom line, the average EPS estimate is $1.99.

Revenue details
 Last quarter, Cummins tallied revenue of $3.92 billion. GAAP reported sales were 12% lower than the prior-year quarter's $4.47 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 $1.44. GAAP EPS of $1.49 for Q1 were 37% lower than the prior-year quarter's $2.38 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 24.4%, 240 basis points worse than the prior-year quarter. Operating margin was 8.5%, 360 basis points worse than the prior-year quarter. Net margin was 7.2%, 300 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $17.00 billion. The average EPS estimate is $7.90.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cummins is outperform, with an average price target of $126.61.

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