BlackRock (NYSE: BLK) is expected to report Q2 earnings on July 18. 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 BlackRock's revenues will grow 12.0% and EPS will grow 23.9%.

The average estimate for revenue is $2.50 billion. On the bottom line, the average EPS estimate is $3.84.

Revenue details
Last quarter, BlackRock booked revenue of $2.45 billion. GAAP reported sales were 8.9% higher than the prior-year quarter's $2.25 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 $3.65. GAAP EPS of $3.62 for Q1 were 15% higher than the prior-year quarter's $3.14 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 53.6%, 200 basis points better than the prior-year quarter. Operating margin was 38.5%, 230 basis points better than the prior-year quarter. Net margin was 25.8%, 40 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.22 billion. The average EPS estimate is $15.80.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 474 members out of 523 rating the stock outperform, and 49 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give BlackRock a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BlackRock is outperform, with an average price target of $255.47.

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