Capital Product Partners (Nasdaq: CPLP) is expected to report Q2 earnings on July 31. 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 Capital Product Partners's revenues will grow 16.6% and EPS will turn positive

The average estimate for revenue is $44.1 million. On the bottom line, the average EPS estimate is $0.09.

Revenue details
Last quarter, Capital Product Partners chalked up revenue of $40.0 million. GAAP reported sales were 0.3% higher than the prior-year quarter's $39.8 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 $0.03. GAAP EPS of $0.28 for Q1 were 460% higher than the prior-year quarter's $0.05 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 63.8%, 160 basis points better than the prior-year quarter. Operating margin was 27.6%, 170 basis points better than the prior-year quarter. Net margin was 62.6%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $173.4 million. The average EPS estimate is $0.36.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 166 members out of 174 rating the stock outperform, and eight members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Capital Product Partners a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Capital Product Partners is outperform, with an average price target of $8.15.

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