Encana (NYSE: ECA) 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 Encana's revenues will increase 99.5% and EPS will compress -37.0%.

The average estimate for revenue is $1.46 billion. On the bottom line, the average EPS estimate is $0.17.

Revenue details
 Last quarter, Encana tallied revenue of $1.06 billion. GAAP reported sales were 41% lower than the prior-year quarter's $1.80 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 $0.24. GAAP EPS were -$0.59 for Q1 versus $0.02 per share for the prior-year quarter.

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 33.4%, much worse than the prior-year quarter. Operating margin was -14.2%, much worse than the prior-year quarter. Net margin was -40.7%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.93 billion. The average EPS estimate is $0.90.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,097 members out of 1,128 rating the stock outperform, and 31 members rating it underperform. Among 195 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 189 give Encana a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Encana is hold, with an average price target of $21.37.

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