Tesoro (NYSE: TSO) is expected to report Q2 earnings tomorrow. 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 Tesoro's revenues will wane 0.0% and EPS will increase 35.8%.

The average estimate for revenue is $7.96 billion. On the bottom line, the average EPS estimate is $2.24.

Revenue details
Last quarter, Tesoro chalked up revenue of $7.82 billion. GAAP reported sales were 20% higher than the prior-year quarter's $6.44 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, EPS came in at $0.39. GAAP EPS of $0.39 for Q1 were 47% lower than the prior-year quarter's $0.74 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 4.0%, 250 basis points worse than the prior-year quarter. Operating margin was 1.8%, 160 basis points worse than the prior-year quarter. Net margin was 0.7%, 100 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $28.60 billion. The average EPS estimate is $4.92.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 908 members rating the stock outperform and 64 members rating it underperform. Among 254 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 231 give Tesoro a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tesoro is outperform, with an average price target of $30.42.

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