Pepsico (NYSE: PEP) 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 Pepsico's revenues will increase 2.1% and EPS will increase 6.2%.

The average estimate for revenue is $16.80 billion. On the bottom line, the average EPS estimate is $1.19.

Revenue details
 Last quarter, Pepsico reported revenue of $12.58 billion. GAAP reported sales were 1.2% higher than the prior-year quarter's $12.43 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 $0.77. GAAP EPS of $0.69 for Q1 were 2.8% lower than the prior-year quarter's $0.71 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 53.6%, 100 basis points better than the prior-year quarter. Operating margin was 13.3%, 80 basis points worse than the prior-year quarter. Net margin was 8.5%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $67.59 billion. The average EPS estimate is $4.40.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,384 members out of 4,536 rating the stock outperform, and 152 members rating it underperform. Among 1,236 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,205 give Pepsico a green thumbs-up, and 31 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pepsico is outperform, with an average price target of $79.15.

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