Oil States International (NYSE: OIS) 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 Oil States International's revenues will wither -4.8% and EPS will wither -23.7%.

The average estimate for revenue is $1.04 billion. On the bottom line, the average EPS estimate is $1.51.

Revenue details
 Last quarter, Oil States International booked revenue of $1.07 billion. GAAP reported sales were 2.7% lower than the prior-year quarter's $1.10 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 $1.80. GAAP EPS of $1.85 for Q1 were 24% lower than the prior-year quarter's $2.43 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 25.9%, 170 basis points worse than the prior-year quarter. Operating margin was 14.5%, 410 basis points worse than the prior-year quarter. Net margin was 9.6%, 270 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.29 billion. The average EPS estimate is $6.83.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 419 members out of 437 rating the stock outperform, and 18 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Oil States International a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Oil States International is outperform, with an average price target of $93.68.

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