PPL (NYSE: PPL) is expected to report Q2 earnings on Aug. 1. 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 PPL's revenues will drop -2.0% and EPS will decrease -9.8%.

The average estimate for revenue is $2.50 billion. On the bottom line, the average EPS estimate is $0.46.

Revenue details
 Last quarter, PPL booked revenue of $2.46 billion. GAAP reported sales were 40% lower than the prior-year quarter's $4.11 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 $0.71. GAAP EPS of $0.65 for Q1 were 30% lower than the prior-year quarter's $0.93 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 44.0%, 980 basis points better than the prior-year quarter. Operating margin was 29.5%, 390 basis points better than the prior-year quarter. Net margin was 16.8%, 360 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.84 billion. The average EPS estimate is $2.31.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 407 members out of 421 rating the stock outperform, and 14 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give PPL a green thumbs-up, and two give it a red thumbs-down.

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