Energen (NYSE: EGN) 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 Energen's revenues will contract -14.2% and EPS will shrink -15.1%.

The average estimate for revenue is $403.7 million. On the bottom line, the average EPS estimate is $0.62.

Revenue details
 Last quarter, Energen reported revenue of $492.7 million. GAAP reported sales were 18% higher than the prior-year quarter's $418.4 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 $1.14. GAAP EPS of $0.78 for Q1 were 1.3% lower than the prior-year quarter's $0.79 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 51.3%, 850 basis points worse than the prior-year quarter. Operating margin was 21.4%, 860 basis points worse than the prior-year quarter. Net margin was 11.5%, 220 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.81 billion. The average EPS estimate is $3.33.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 261 members out of 270 rating the stock outperform, and nine members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Energen 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 Energen is outperform, with an average price target of $57.77.

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