Spectra Energy Partners (NYSE: SEP) 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 Spectra Energy Partners's revenues will decrease -0.6% and EPS will wither -11.9%.

The average estimate for revenue is $58.3 million. On the bottom line, the average EPS estimate is $0.37.

Revenue details
 Last quarter, Spectra Energy Partners recorded revenue of $60.9 million. GAAP reported sales were 1.6% lower than the prior-year quarter's $61.9 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 $0.45. GAAP EPS of $0.45 for Q1 were 6.2% lower 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 75.7%, 120 basis points better than the prior-year quarter. Operating margin was 54.4%, 90 basis points better than the prior-year quarter. Net margin was 91.8%, 710 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $256.8 million. The average EPS estimate is $1.55.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectra Energy Partners is hold, with an average price target of $36.42.

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