Huntsman (NYSE: HUN) is expected to report Q2 earnings on Aug. 1. 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 Huntsman's revenues will expand 2.8% and EPS will increase 12.5%.

The average estimate for revenue is $3.02 billion. On the bottom line, the average EPS estimate is $0.54.

Revenue details
 Last quarter, Huntsman reported revenue of $2.91 billion. GAAP reported sales were 8.7% higher than the prior-year quarter's $2.68 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 $0.74. GAAP EPS of $0.68 for Q1 were 162% higher than the prior-year quarter's $0.26 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 18.9%, 170 basis points better than the prior-year quarter. Operating margin was 9.8%, 350 basis points better than the prior-year quarter. Net margin was 5.6%, 330 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.70 billion. The average EPS estimate is $2.11.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 638 members out of 665 rating the stock outperform, and 27 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give Huntsman 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 Huntsman is outperform, with an average price target of $16.11.

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