Holly Energy Partners L.P (NYSE: HEP) is expected to report Q2 earnings on 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 Holly Energy Partners L.P's revenues will grow 18.8% and EPS will shrink -6.3%.

The average estimate for revenue is $75.7 million. On the bottom line, the average EPS estimate is $0.30.

Revenue details
 Last quarter, Holly Energy Partners L.P notched revenue of $74.3 million. GAAP reported sales were 8.6% higher than the prior-year quarter's $68.4 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, non-GAAP EPS came in at $0.18. GAAP EPS of $0.21 for Q1 were 30% lower than the prior-year quarter's $0.30 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 65.2%, 490 basis points worse than the prior-year quarter. Operating margin was 41.8%, 440 basis points worse than the prior-year quarter. Net margin was 16.4%, 740 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $314.6 million. The average EPS estimate is $1.24.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 95 members out of 109 rating the stock outperform, and 14 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Holly Energy Partners L.P 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 Holly Energy Partners L.P is hold, with an average price target of $34.00.

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