Noble (NYSE: NE) is expected to report Q2 earnings on July 18. 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 Noble's revenues will grow 43.1% and EPS will grow 247.1%.

The average estimate for revenue is $898.4 million. On the bottom line, the average EPS estimate is $0.59.

Revenue details
 Last quarter, Noble reported revenue of $797.7 million. GAAP reported sales were 37% higher than the prior-year quarter's $556.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $0.47. GAAP EPS of $0.47 for Q1 were 124% higher than the prior-year quarter's $0.21 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 43.7%, 30 basis points better than the prior-year quarter. Operating margin was 18.8%, 710 basis points better than the prior-year quarter. Net margin was 15.8%, 600 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.69 billion. The average EPS estimate is $2.75.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,243 members out of 2,276 rating the stock outperform, and 33 members rating it underperform. Among 520 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 512 give Noble a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble is outperform, with an average price target of $45.06.

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