Energy Partners (NYSE: EPL) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Energy Partners' revenues will grow 4.8% and EPS will improve 45.5%.

The average estimate for revenue is $97.3 million. On the bottom line, the average EPS estimate is $0.48.

Revenue details
Last quarter, Energy Partners reported revenue of $98.8 million. GAAP reported sales were 47% higher than the prior-year quarter's $67.2 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, non-GAAP EPS came in at $0.34. GAAP EPS were $0.04 for Q1 against -$0.36 per share for the prior-year quarter.

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 81.2%, 420 basis points better than the prior-year quarter. Operating margin was 7.3%, 3,400 basis points better than the prior-year quarter. Net margin was 1.5%, 2,310 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $395.8 million. The average EPS estimate is $1.83.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 155 members out of 164 rating the stock outperform, and nine members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Energy Partners a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Partners is buy, with an average price target of $20.67.

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