Tenet Healthcare (NYSE: THC) is expected to report Q2 earnings on Aug. 6. 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 Tenet Healthcare's revenues will increase 5.1% and EPS will grow 69.0%.

The average estimate for revenue is $2.58 billion. On the bottom line, the average EPS estimate is $0.71.

Revenue details
 Last quarter, Tenet Healthcare notched revenue of $2.59 billion. GAAP reported sales were 3.7% higher than the prior-year quarter's $2.30 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.33. GAAP EPS were -$0.85 for Q1 against $0.53 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 35.3%, 120 basis points worse than the prior-year quarter. Operating margin was 6.7%, 240 basis points worse than the prior-year quarter. Net margin was -3.7%, 650 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.31 billion. The average EPS estimate is $2.75.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 370 members out of 438 rating the stock outperform, and 68 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Tenet Healthcare a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenet Healthcare is outperform, with an average price target of $45.14.

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