Rosetta Resources (Nasdaq: ROSE) 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 Rosetta Resources's revenues will increase 9.9% and EPS will increase 69.0%.

The average estimate for revenue is $217.6 million. On the bottom line, the average EPS estimate is $0.98.

Revenue details
 Last quarter, Rosetta Resources chalked up revenue of $178.1 million. GAAP reported sales were 46% higher than the prior-year quarter's $130.4 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, non-GAAP EPS came in at $1.18. GAAP EPS of $1.01 for Q1 were 140% higher than the prior-year quarter's $0.42 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 83.3%, 150 basis points better than the prior-year quarter. Operating margin was 45.4%, much better than the prior-year quarter. Net margin was 28.1%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $898.8 million. The average EPS estimate is $4.24.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 302 members out of 319 rating the stock outperform, and 17 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Rosetta Resources a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rosetta Resources is outperform, with an average price target of $58.95.

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