Westlake Chemical (NYSE: WLK) is expected to report Q2 earnings on July 30. 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 Westlake Chemical's revenues will grow 3.7% and EPS will grow 12.8%.

The average estimate for revenue is $948.0 million. On the bottom line, the average EPS estimate is $1.94.

Revenue details
 Last quarter, Westlake Chemical logged revenue of $864.6 million. GAAP reported sales were 16% lower than the prior-year quarter's $1.03 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 $1.84. GAAP EPS of $1.84 for Q1 were 40% higher than the prior-year quarter's $1.31 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 26.3%, 960 basis points better than the prior-year quarter. Operating margin was 22.4%, 830 basis points better than the prior-year quarter. Net margin was 14.3%, 580 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.68 billion. The average EPS estimate is $7.20.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 103 members out of 115 rating the stock outperform, and 12 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Westlake Chemical a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Westlake Chemical is hold, with an average price target of $84.38.

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