Flowserve (NYSE: FLS) is expected to report Q2 earnings on July 30. 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 Flowserve's revenues will grow 4.1% and EPS will expand 3.2%.

The average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $1.93.

Revenue details
Last quarter, Flowserve reported revenue of $1.07 billion. GAAP reported sales were 7.8% higher than the prior-year quarter's $997.2 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 $1.69. GAAP EPS of $1.69 for Q1 were 1.7% lower than the prior-year quarter's $1.72 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 33.4%, 150 basis points worse than the prior-year quarter. Operating margin was 12.8%, 30 basis points better than the prior-year quarter. Net margin was 8.7%, 100 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.77 billion. The average EPS estimate is $8.59.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 842 members out of 862 rating the stock outperform, and 20 members rating it underperform. Among 178 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 176 give Flowserve 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 Flowserve is buy, with an average price target of $140.80.