El Paso Pipeline Partners (NYSE: EPB) is expected to report Q2 earnings around 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 El Paso Pipeline Partners's revenues will expand 6.2% and EPS will expand 6.8%.

The average estimate for revenue is $389.6 million. On the bottom line, the average EPS estimate is $0.47.

Revenue details
 Last quarter, El Paso Pipeline Partners recorded revenue of $386.0 million. GAAP reported sales were 1.0% lower than the prior-year quarter's $390.0 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, EPS came in at $0.58. GAAP EPS of $0.58 for Q1 were 7.4% higher than the prior-year quarter's $0.54 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 81.6%, 720 basis points better than the prior-year quarter. Operating margin was 64.5%, 760 basis points better than the prior-year quarter. Net margin was 32.6%, 410 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.60 billion. The average EPS estimate is $2.16.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 298 members out of 302 rating the stock outperform, and four members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give El Paso Pipeline Partners a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on El Paso Pipeline Partners is hold, with an average price target of $42.23.

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