Middlesex Water (Nasdaq: MSEX) is expected to report Q2 earnings around 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 Middlesex Water's revenues will increase 9.2% and EPS will increase 34.8%.

The average estimate for revenue is $29.9 million. On the bottom line, the average EPS estimate is $0.31.

Revenue details
 Last quarter, Middlesex Water logged revenue of $27.0 million. GAAP reported sales were 15% higher than the prior-year quarter's $23.5 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 $0.20. GAAP EPS of $0.20 for Q1 were 82% higher than the prior-year quarter's $0.11 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 42.9%, 400 basis points better than the prior-year quarter. Operating margin was 21.7%, 520 basis points better than the prior-year quarter. Net margin was 11.8%, 410 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $117.1 million. The average EPS estimate is $1.00.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 54 members out of 62 rating the stock outperform, and eight members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Middlesex Water 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 Middlesex Water is outperform, with an average price target of $20.50.

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