CenterPoint Energy (NYSE: CNP) 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 CenterPoint Energy's revenues will grow 8.9% and EPS will wane -3.7%.

The average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $0.26.

Revenue details
 Last quarter, CenterPoint Energy reported revenue of $2.39 billion. GAAP reported sales were 15% higher than the prior-year quarter's $2.08 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 $0.31. GAAP EPS of $0.34 were the same as 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 28.5%, 320 basis points worse than the prior-year quarter. Operating margin was 13.9%, 230 basis points worse than the prior-year quarter. Net margin was 6.2%, 90 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.61 billion. The average EPS estimate is $1.22.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 270 members out of 293 rating the stock outperform, and 23 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give CenterPoint Energy a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CenterPoint Energy is outperform, with an average price target of $24.57.

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