UIL Holdings (NYSE: UIL) 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 UIL Holdings's revenues will grow 3.2% and EPS will expand 21.7%.

The average estimate for revenue is $292.6 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
 Last quarter, UIL Holdings logged revenue of $548.0 million. GAAP reported sales were 20% higher than the prior-year quarter's $457.8 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 $1.01. GAAP EPS of $1.01 for Q1 were 9.8% higher than the prior-year quarter's $0.92 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 33.2%, 280 basis points worse than the prior-year quarter. Operating margin was 17.6%, 150 basis points worse than the prior-year quarter. Net margin was 9.5%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.57 billion. The average EPS estimate is $2.19.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 71 members out of 75 rating the stock outperform, and four members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give UIL Holdings 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 UIL Holdings is hold, with an average price target of $37.70.

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