Hornbeck Offshore Services (NYSE: HOS) 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 Hornbeck Offshore Services's revenues will grow 12.8% and EPS will grow 48.6%.

The average estimate for revenue is $148.5 million. On the bottom line, the average EPS estimate is $0.52.

Revenue details
 Last quarter, Hornbeck Offshore Services booked revenue of $147.5 million. GAAP reported sales were 23% higher than the prior-year quarter's $120.0 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 $0.59. GAAP EPS of $0.17 for Q1 were 5.6% lower than the prior-year quarter's $0.18 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 57.0%, 640 basis points better than the prior-year quarter. Operating margin was 32.1%, 820 basis points better than the prior-year quarter. Net margin was 4.2%, 110 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $616.0 million. The average EPS estimate is $2.42.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 386 members out of 399 rating the stock outperform, and 13 members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Hornbeck Offshore Services 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 Hornbeck Offshore Services is outperform, with an average price target of $50.58.

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