McDermott International (NYSE: MDR) is expected to report Q2 earnings around 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 McDermott International's revenues will contract -15.1% and EPS will wither -86.4%.

The average estimate for revenue is $754.8 million. On the bottom line, the average EPS estimate is $0.03.

Revenue details
 Last quarter, McDermott International logged revenue of $807.5 million. GAAP reported sales were 11% higher than the prior-year quarter's $727.7 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 $0.09. GAAP EPS of $0.09 for Q1 were 65% lower than the prior-year quarter's $0.26 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 11.7%, 620 basis points worse than the prior-year quarter. Operating margin was 5.3%, 620 basis points worse than the prior-year quarter. Net margin was 2.5%, 610 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.14 billion. The average EPS estimate is $0.40.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,295 members out of 1,328 rating the stock outperform, and 33 members rating it underperform. Among 271 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give McDermott International a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McDermott International is outperform, with an average price target of $14.06.

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