Baidu (Nasdaq: BIDU) is expected to report Q2 earnings on July 24. 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 Baidu's revenues will increase 39.5% and EPS will wither -1.6%.

The average estimate for revenue is $1.20 billion. On the bottom line, the average EPS estimate is $1.22.

Revenue details
Last quarter, Baidu reported revenue of $961.0 million. GAAP reported sales were 42% higher than the prior-year quarter's $676.7 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, non-GAAP EPS came in at $0.95. GAAP EPS of $0.94 for Q1 were 11% higher than the prior-year quarter's $0.85 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 72.1%, 580 basis points worse than the prior-year quarter. Operating margin was 37.0%, much worse than the prior-year quarter. Net margin was 34.2%, 1,000 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.86 billion. The average EPS estimate is $4.96.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,764 members out of 5,366 rating the stock outperform, and 602 members rating it underperform. Among 1,123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,024 give Baidu a green thumbs-up, and 99 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Baidu is hold, with an average price target of $119.84.

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