Clayton Williams Energy (Nasdaq: CWEI) is expected to report Q2 earnings around July 25. 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 Clayton Williams Energy's revenues will drop -12.4% and EPS will wither -82.6%.

The average estimate for revenue is $91.7 million. On the bottom line, the average EPS estimate is $0.47.

Revenue details
 Last quarter, Clayton Williams Energy logged revenue of $106.9 million. GAAP reported sales were 2.4% lower than the prior-year quarter's $108.9 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, EPS came in at -$3.39. GAAP EPS were -$3.39 for Q1 compared to $0.64 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 65.2%, 540 basis points worse than the prior-year quarter. Operating margin was -54.3%, much worse than the prior-year quarter. Net margin was -38.7%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $381.3 million. The average EPS estimate is -$1.84.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 205 members out of 226 rating the stock outperform, and 21 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Clayton Williams Energy 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 Clayton Williams Energy is outperform, with an average price target of $55.50.

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