RigNet (Nasdaq: RNET) is expected to report Q2 earnings on 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 RigNet's revenues will increase 62.0% and EPS will increase 23.8%.

The average estimate for revenue is $53.8 million. On the bottom line, the average EPS estimate is $0.26.

Revenue details
 Last quarter, RigNet reported revenue of $52.8 million. GAAP reported sales were 69% higher than the prior-year quarter's $31.2 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 $0.22. GAAP EPS of $0.22 for Q1 were 57% higher than the prior-year quarter's $0.14 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 44.9%, 970 basis points worse than the prior-year quarter. Operating margin was 11.7%, 400 basis points worse than the prior-year quarter. Net margin was 7.1%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $219.9 million. The average EPS estimate is $1.09.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RigNet is buy, with an average price target of $26.25.

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