Ingersoll-Rand (NYSE: IR) is expected to report Q2 earnings on July 20. 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 Ingersoll-Rand's revenues will shrink -0.2% and EPS will grow 3.4%.

The average estimate for revenue is $3.89 billion. On the bottom line, the average EPS estimate is $0.91.

Revenue details
Last quarter, Ingersoll-Rand logged revenue of $3.15 billion. GAAP reported sales were 3.8% lower than the prior-year quarter's $3.27 billion.

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, non-GAAP EPS came in at $0.31. GAAP EPS were $0.30 for Q1 against -$0.24 per share for the prior-year quarter.

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 28.9%, 130 basis points better than the prior-year quarter. Operating margin was 7.3%, 30 basis points better than the prior-year quarter. Net margin was 3.0%, 540 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $14.39 billion. The average EPS estimate is $3.03.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 984 members rating the stock outperform, and 29 members rating it underperform. Among 297 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 292 give Ingersoll-Rand a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ingersoll-Rand is outperform, with an average price target of $43.95.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.