Gulfport Energy (Nasdaq: GPOR) is expected to report Q2 earnings around 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 Gulfport Energy's revenues will compress -0.8% and EPS will wither -73.3%.

The average estimate for revenue is $65.8 million. On the bottom line, the average EPS estimate is $0.12.

Revenue details
 Last quarter, Gulfport Energy logged revenue of $54.9 million. GAAP reported sales were 16% lower than the prior-year quarter's $65.5 million.

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 $0.10. GAAP EPS of $0.61 for Q1 were 27% higher than the prior-year quarter's $0.48 per share.

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 77.3%, 190 basis points worse than the prior-year quarter. Operating margin was 27.9%, much worse than the prior-year quarter. Net margin was 81.0%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $450.6 million. The average EPS estimate is $0.77.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfport Energy is buy, with an average price target of $55.27.

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