Foster Wheeler (Nasdaq: FWLT) 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 Foster Wheeler's revenues will shrink -5.1% and EPS will wane -20.8%.

The average estimate for revenue is $1.12 billion. On the bottom line, the average EPS estimate is $0.42.

Revenue details
 Last quarter, Foster Wheeler reported revenue of $933.1 million. GAAP reported sales were 10.0% lower than the prior-year quarter's $1.04 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 $0.40. GAAP EPS of $0.38 for Q1 were 111% higher than the prior-year quarter's $0.18 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 14.9%, 530 basis points better than the prior-year quarter. Operating margin was 5.3%, 360 basis points better than the prior-year quarter. Net margin was 4.4%, 220 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.45 billion. The average EPS estimate is $1.80.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,649 members out of 1,699 rating the stock outperform, and 50 members rating it underperform. Among 346 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 336 give Foster Wheeler a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Foster Wheeler is outperform, with an average price target of $30.56.

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