Baker Hughes (NYSE: BHI) 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 Baker Hughes's revenues will wane -1.6% and EPS will decrease -35.0%.

The average estimate for revenue is $5.24 billion. On the bottom line, the average EPS estimate is $0.65.

Revenue details
Last quarter, Baker Hughes chalked up revenue of $5.23 billion. GAAP reported sales were 2.3% lower than the prior-year quarter's $5.36 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 $0.65. GAAP EPS of $0.60 for Q1 were 30% lower than the prior-year quarter's $0.86 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 17.3%, 310 basis points worse than the prior-year quarter. Operating margin was 8.7%, 300 basis points worse than the prior-year quarter. Net margin was 5.1%, 200 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $21.70 billion. The average EPS estimate is $3.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,162 members out of 1,206 rating the stock outperform, and 44 members rating it underperform. Among 270 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 260 give Baker Hughes a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Baker Hughes is outperform, with an average price target of $50.20.

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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.