Boardwalk Pipeline Partners (NYSE: BWP) 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 Boardwalk Pipeline Partners's revenues will grow 11.4% and EPS will drop -16.2%.

The average estimate for revenue is $307.3 million. On the bottom line, the average EPS estimate is $0.31.

Revenue details
Last quarter, Boardwalk Pipeline Partners chalked up revenue of $328.5 million. GAAP reported sales were 5.0% higher than the prior-year quarter's $312.9 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, non-GAAP EPS came in at $0.49. GAAP EPS of $0.40 for Q1 were 2.4% lower than the prior-year quarter's $0.41 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 80.9%, 110 basis points worse than the prior-year quarter. Operating margin was 43.2%, 30 basis points better than the prior-year quarter. Net margin was 30.9%, 130 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.29 billion. The average EPS estimate is $1.37.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 463 members out of 486 rating the stock outperform, and 23 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 give Boardwalk Pipeline Partners a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boardwalk Pipeline Partners is hold, with an average price target of $28.50.

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