Unit (NYSE: UNT) 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 Unit's revenues will expand 0.5% and EPS will drop -14.5%.

The average estimate for revenue is $331.4 million. On the bottom line, the average EPS estimate is $0.94.

Revenue details
 Last quarter, Unit reported revenue of $318.5 million. GAAP reported sales were 4.6% lower than the prior-year quarter's $334.0 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, non-GAAP EPS came in at $0.92. GAAP EPS of $0.83 for Q1 were 24% lower than the prior-year quarter's $1.09 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 50.3%, 200 basis points worse than the prior-year quarter. Operating margin was 21.7%, 430 basis points worse than the prior-year quarter. Net margin was 12.6%, 310 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.33 billion. The average EPS estimate is $3.79.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,328 members out of 1,348 rating the stock outperform, and 20 members rating it underperform. Among 379 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 375 give Unit a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Unit is outperform, with an average price target of $53.17.

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