RPC (NYSE: RES) 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 RPC's revenues will wither -12.5% and EPS will wane -42.4%.

The average estimate for revenue is $437.5 million. On the bottom line, the average EPS estimate is $0.19.

Revenue details
 Last quarter, RPC booked revenue of $425.8 million. GAAP reported sales were 15% lower than the prior-year quarter's $502.6 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 $0.16. GAAP EPS of $0.16 for Q1 were 57% lower than the prior-year quarter's $0.37 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 37.0%, 850 basis points worse than the prior-year quarter. Operating margin was 14.1%, much worse than the prior-year quarter. Net margin was 8.2%, 790 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.77 billion. The average EPS estimate is $0.77.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 463 members out of 488 rating the stock outperform, and 25 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give RPC a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RPC is hold, with an average price target of $14.50.

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