Anheuser-Busch InBev (NYSE: BUD) is expected to report Q2 earnings on July 31. 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 Anheuser-Busch InBev's revenues will expand 5.6% and EPS will contract -15.6%.

The average estimate for revenue is $10.42 billion. On the bottom line, the average EPS estimate is $1.03.

Revenue details
 Last quarter, Anheuser-Busch InBev booked revenue of $9.17 billion. GAAP reported sales were 1.7% lower than the prior-year quarter's $9.33 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 $1.16. GAAP EPS of $1.28 for Q1 were 21% higher than the prior-year quarter's $1.06 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 57.4%, 130 basis points worse than the prior-year quarter. Operating margin was 29.6%, 130 basis points worse than the prior-year quarter. Net margin was 22.4%, 430 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $44.20 billion. The average EPS estimate is $4.84.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 273 members out of 296 rating the stock outperform, and 23 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Anheuser-Busch InBev a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Anheuser-Busch InBev is outperform, with an average price target of $104.94.

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