California Water Service Group (NYSE: CWT) is expected to report Q2 earnings around July 25. 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 California Water Service Group's revenue will increase 4.0% and EPS will grow 13.8%.

The average estimate for revenue is $136.6 million. On the bottom line, the average EPS estimate is $0.33.

Revenue details
Last quarter, California Water Service Group booked revenue of $116.7 million. GAAP reported sales were 19% higher than the prior-year quarter's $98.1 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 $0.03. GAAP EPS of $0.03 for Q1 were 57% lower than the prior-year quarter's $0.07 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 63.4%, 30 basis points worse than the prior-year quarter. Operating margin was 5.7%, 320 basis points worse than the prior-year quarter. Net margin was 0.9%, 190 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $540.8 million. The average EPS estimate is $1.02.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 234 members out of 244 rating the stock outperform, and 11 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give California Water Service Group a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on California Water Service Group is outperform, with an average price target of $20.63.

Over the decades, small-cap stocks like California Water Service Group have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.