Google (Nasdaq: GOOG) 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 Google's revenues will grow 18.4% and EPS will grow 6.6%.

The average estimate for revenue is $14.46 billion. On the bottom line, the average EPS estimate is $10.79.

Revenue details
 Last quarter, Google notched revenue of $13.97 billion. GAAP reported sales were 31% higher than the prior-year quarter's $10.65 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 $11.58. GAAP EPS of $9.94 for Q1 were 14% higher than the prior-year quarter's $8.75 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 57.5%, 690 basis points worse than the prior-year quarter. Operating margin was 25.3%, 650 basis points worse than the prior-year quarter. Net margin was 24.0%, 310 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $59.34 billion. The average EPS estimate is $46.19.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 15,651 members out of 18,171 rating the stock outperform, and 2,520 members rating it underperform. Among 3,674 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 3,344 give Google a green thumbs-up, and 330 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Google is outperform, with an average price target of $881.21.

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