Oil States International (NYSE:OIS) will be releasing its next round of earnings this Wednesday, July 28. For all of the relevant information, here is your guide for Wednesday's Q2 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts covering Oil States International have modeled for quarterly EPS loss of $0.17 on revenue of $147.95 million. Oil States International's loss in the same period a year ago was $0.33 per share. Quarterly sales came in at $146.25 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be up 48.48%. Revenue would be up 1.17% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:

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Stock Performance

Shares of Oil States International were trading at $6.29 as of July 26. Over the last 52-week period, shares are up 21.57%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.