Green Plains Renewable Energy (Nasdaq: GPRE) is expected to report Q2 earnings around 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 Green Plains Renewable Energy's revenues will drop -8.8% and EPS will turn positive

The average estimate for revenue is $793.6 million. On the bottom line, the average EPS estimate is $0.16.

Revenue details
 Last quarter, Green Plains Renewable Energy booked revenue of $765.5 million. GAAP reported sales were 1.3% lower than the prior-year quarter's $775.4 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, EPS came in at $0.08. GAAP EPS were $0.08 for Q1 against -$0.39 per share for the prior-year quarter.

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 3.6%, 250 basis points better than the prior-year quarter. Operating margin was 1.7%, 310 basis points better than the prior-year quarter. Net margin was 0.3%, 190 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.10 billion. The average EPS estimate is $0.80.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 88 members out of 140 rating the stock outperform, and 52 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Green Plains Renewable Energy a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Green Plains Renewable Energy is outperform, with an average price target of $11.33.

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