Enbridge Energy Partners (NYSE: EEP) is expected to report Q2 earnings on July 31. 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 Enbridge Energy Partners' revenue will decrease 25.3% and EPS will wither 9.4%.

The average estimate for revenue is $1.77 billion. On the bottom line, the average EPS estimate is $0.29.

Revenue details
Last quarter, Enbridge Energy Partners chalked up revenue of $1.82 billion. GAAP reported sales were 21% lower than the prior-year quarter's $2.29 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 $0.28. GAAP EPS of $0.25 for Q1 were 34% lower than the prior-year quarter's $0.38 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 26.5%, 800 basis points better than the prior-year quarter. Operating margin was 10.9%, 340 basis points better than the prior-year quarter. Net margin was 5.4%, 30 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $7.60 billion. The average EPS estimate is $1.08.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enbridge Energy Partners is outperform, with an average price target of $34.23.

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