Atlas Pipeline Partners (NYSE: APL) is expected to report Q2 earnings on Aug. 5. 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 Atlas Pipeline Partners's revenues will increase 59.8% and EPS will compress -68.5%.

The average estimate for revenue is $518.1 million. On the bottom line, the average EPS estimate is $0.41.

Revenue details
 Last quarter, Atlas Pipeline Partners reported revenue of $407.9 million. GAAP reported sales were 38% higher than the prior-year quarter's $304.3 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 -$0.04. GAAP EPS were -$0.48 for Q1 versus $0.06 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 17.1%, 170 basis points worse than the prior-year quarter. Operating margin was 3.6%, 110 basis points worse than the prior-year quarter. Net margin was -6.9%, 850 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.17 billion. The average EPS estimate is $1.77.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Pipeline Partners is buy, with an average price target of $40.00.

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