Western Refining (NYSE: WNR) 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 to the prior-year quarter, average analyst estimates predict Western Refining's revenue will contract 14.5% and EPS will expand 74.5%.

The average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $1.64.

Revenue details
Last quarter, Western Refining logged revenue of $2.34 billion. GAAP reported sales were 27% higher than the prior-year quarter's $1.84 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 $0.81. GAAP EPS were -$0.60 for Q1 compared to $0.13 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 -0.6%, 690 basis points worse than the prior-year quarter. Operating margin was -2.6%, 570 basis points worse than the prior-year quarter. Net margin was -2.3%, 300 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $9.70 billion. The average EPS estimate is $4.28.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,103 members out of 1,154 rating the stock outperform, and 51 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 239 give Western Refining a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Western Refining is outperform, with an average price target of $21.07.

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