Stryker (NYSE: SYK) 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 Stryker's revenues will grow 4.1% and EPS will grow 5.1%.

The average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $1.03.

Revenue details
Last quarter, Stryker reported revenue of $2.19 billion. GAAP reported sales were 1.3% higher than the prior-year quarter's $2.16 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 $1.03. GAAP EPS of $0.79 for Q1 were 13% lower than the prior-year quarter's $0.91 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 67.4%, 40 basis points worse than the prior-year quarter. Operating margin was 19.2%, 450 basis points worse than the prior-year quarter. Net margin was 13.9%, 230 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.96 billion. The average EPS estimate is $4.29.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,422 members out of 1,454 rating the stock outperform, and 32 members rating it underperform. Among 441 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 434 give Stryker a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stryker is outperform, with an average price target of $65.33.

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