Cliffs Natural Resources (NYSE: CLF) 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 Cliffs Natural Resources's revenues will shrink -12.2% and EPS will wane -64.6%.

The average estimate for revenue is $1.43 billion. On the bottom line, the average EPS estimate is $0.64.

Revenue details
 Last quarter, Cliffs Natural Resources chalked up revenue of $1.14 billion. GAAP reported sales were 5.9% lower than the prior-year quarter's $1.21 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 $0.60. GAAP EPS of $0.66 for Q1 were 75% lower than the prior-year quarter's $2.63 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 20.9%, 320 basis points worse than the prior-year quarter. Operating margin was 14.8%, 360 basis points worse than the prior-year quarter. Net margin was 9.4%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.49 billion. The average EPS estimate is $2.32.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,604 members out of 1,670 rating the stock outperform, and 66 members rating it underperform. Among 292 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 278 give Cliffs Natural Resources a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cliffs Natural Resources is hold, with an average price target of $28.22.

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