Patterson-UTI Energy (Nasdaq: PTEN) is expected to report Q2 earnings on 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 Patterson-UTI Energy's revenues will decrease -5.6% and EPS will wither -38.8%.

The average estimate for revenue is $642.7 million. On the bottom line, the average EPS estimate is $0.30.

Revenue details
 Last quarter, Patterson-UTI Energy tallied revenue of $667.0 million. GAAP reported sales were 11% lower than the prior-year quarter's $745.9 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 $0.38. GAAP EPS of $0.38 for Q1 were 39% lower than the prior-year quarter's $0.62 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 37.3%, 210 basis points worse than the prior-year quarter. Operating margin was 14.3%, 650 basis points worse than the prior-year quarter. Net margin was 8.4%, 460 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.66 billion. The average EPS estimate is $1.38.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 771 members out of 819 rating the stock outperform, and 48 members rating it underperform. Among 189 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 174 give Patterson-UTI Energy a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patterson-UTI Energy is outperform, with an average price target of $25.56.

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