Flowserve (NYSE: FLS) 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 Flowserve's revenues will expand 3.2% and EPS will grow 19.7%.

The average estimate for revenue is $1.22 billion. On the bottom line, the average EPS estimate is $0.79.

Revenue details
 Last quarter, Flowserve booked revenue of $1.10 billion. GAAP reported sales were 2.0% higher than the prior-year quarter's $1.07 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, EPS came in at $0.67. GAAP EPS of $0.67 for Q1 were 20% higher than the prior-year quarter's $0.56 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 34.0%, 60 basis points better than the prior-year quarter. Operating margin was 12.8%, much about the same as the prior-year quarter. Net margin was 8.9%, 20 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.95 billion. The average EPS estimate is $3.36.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 821 members out of 841 rating the stock outperform, and 20 members rating it underperform. Among 193 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give Flowserve a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flowserve is outperform, with an average price target of $59.74.

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