PetroQuest Energy (NYSE: PQ) 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 PetroQuest Energy's revenues will expand 21.8% and EPS will turn positive

The average estimate for revenue is $40.7 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
 Last quarter, PetroQuest Energy recorded revenue of $36.0 million. GAAP reported sales were 0.1% lower than the prior-year quarter's $36.0 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, EPS came in at $0.04. GAAP EPS were $0.04 for Q1 against -$0.30 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 70.2%, 20 basis points better than the prior-year quarter. Operating margin was 19.2%, 830 basis points better than the prior-year quarter. Net margin was 10.8%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $188.6 million. The average EPS estimate is $0.30.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 427 members out of 453 rating the stock outperform, and 26 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give PetroQuest Energy a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $6.97.

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