CF Industries Holdings (NYSE: CF) is expected to report Q2 earnings on Aug. 6. 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 CF Industries Holdings's revenues will wither -3.3% and EPS will drop -12.4%.

The average estimate for revenue is $1.68 billion. On the bottom line, the average EPS estimate is $7.63.

Revenue details
Last quarter, CF Industries Holdings booked revenue of $1.34 billion. GAAP reported sales were 13% lower than the prior-year quarter's $1.53 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
Last quarter, non-GAAP EPS came in at $6.03. GAAP EPS of $6.47 for Q1 were 17% higher than the prior-year quarter's $5.54 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
For the preceding quarter, gross margin was 50.5%, 390 basis points better than the prior-year quarter. Operating margin was 47.3%, 410 basis points better than the prior-year quarter. Net margin was 30.4%, 630 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.65 billion. The average EPS estimate is $24.29.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,290 members out of 1,342 rating the stock outperform, and 52 members rating it underperform. Among 243 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 232 give CF Industries Holdings a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CF Industries Holdings is hold, with an average price target of $224.42.

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