Artesian Resources (Nasdaq: ARTNA) is expected to report Q2 earnings around Aug. 5. 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 Artesian Resources's revenues will expand 2.4% and EPS will decrease -12.5%.

The average estimate for revenue is $18.3 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
 Last quarter, Artesian Resources logged revenue of $16.3 million. GAAP reported sales were 2.2% lower than the prior-year quarter's $16.7 million.

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, EPS came in at $0.19. GAAP EPS of $0.19 for Q1 were 34% lower than the prior-year quarter's $0.29 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 42.6%, 690 basis points worse than the prior-year quarter. Operating margin was 23.6%, 800 basis points worse than the prior-year quarter. Net margin was 10.0%, 500 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $72.1 million. The average EPS estimate is $1.13.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 32 members out of 36 rating the stock outperform, and four members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give Artesian Resources a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Artesian Resources is outperform, with an average price target of $24.17.

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