Schlumberger (NYSE: SLB) is expected to report Q2 earnings on July 19. 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 Schlumberger's revenues will grow 6.4% and EPS will grow 4.8%.

The average estimate for revenue is $11.12 billion. On the bottom line, the average EPS estimate is $1.10.

Revenue details
Last quarter, Schlumberger reported revenue of $10.67 billion. GAAP reported sales were 7.6% higher than the prior-year quarter's $9.92 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 $1.01. GAAP EPS of $0.94 for Q1 were 2.1% lower than the prior-year quarter's $0.96 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 20.9%, 30 basis points worse than the prior-year quarter. Operating margin was 17.2%, 30 basis points worse than the prior-year quarter. Net margin was 11.8%, 130 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $45.68 billion. The average EPS estimate is $4.67.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,001 members out of 3,083 rating the stock outperform, and 82 members rating it underperform. Among 550 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 534 give Schlumberger a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schlumberger is outperform, with an average price target of $91.10.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.