Celanese (NYSE: CE) 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 Celanese's revenues will wane -1.1% and EPS will shrink -21.1%.

The average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $1.16.

Revenue details
Last quarter, Celanese booked revenue of $1.61 billion. GAAP reported sales were 1.7% lower than the prior-year quarter's $1.63 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 $1.14. GAAP EPS of $0.89 for Q1 were 26% lower than the prior-year quarter's $1.21 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 20.7%, 390 basis points better than the prior-year quarter. Operating margin was 11.8%, 510 basis points better than the prior-year quarter. Net margin was 8.8%, 300 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $6.53 billion. The average EPS estimate is $4.54.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 347 members out of 376 rating the stock outperform, and 29 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Celanese a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Celanese is outperform, with an average price target of $53.33.

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