Anadarko Petroleum (NYSE: APC) is expected to report Q2 earnings on July 29. 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 Anadarko Petroleum's revenues will grow 10.3% and EPS will grow 7.1%.

The average estimate for revenue is $3.56 billion. On the bottom line, the average EPS estimate is $0.91.

Revenue details
Last quarter, Anadarko Petroleum logged revenue of $3.89 billion. GAAP reported sales were 9.0% higher than the prior-year quarter's $3.41 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 $1.08. GAAP EPS of $0.91 for Q1 were 79% lower than the prior-year quarter's $4.28 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 81.1%, 80 basis points better than the prior-year quarter. Operating margin was 24.1%, 430 basis points worse than the prior-year quarter. Net margin was 12.4%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.32 billion. The average EPS estimate is $4.33.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,453 members out of 1,501 rating the stock outperform, and 48 members rating it underperform. Among 297 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 289 give Anadarko Petroleum a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Anadarko Petroleum is outperform, with an average price target of $103.76.

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