Noble Energy (NYSE: NBL) is expected to report Q2 earnings on July 26. 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 Energy's revenue will grow 7.1% and EPS will wane 25.7%.

The average estimate for revenue is $1.02 billion. On the bottom line, the average EPS estimate is $1.07.

Revenue details
Last quarter, Noble Energy notched revenue of $1.17 billion. GAAP reported sales were 31% higher than the prior-year quarter's $851.0 million.

My

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 $1.75. GAAP EPS of $1.47 for Q1 were much higher than the prior-year quarter's $0.08 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 83.9%, 60 basis points better than the prior-year quarter. Operating margin was 31.7%, 3,020 basis points better than the prior-year quarter. Net margin was 23.7%, 2,210 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $4.53 billion. The average EPS estimate is $5.73.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 389 members out of 406 rating the stock outperform, and 17 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Noble Energy a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble Energy is outperform, with an average price target of $119.35.

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.