Advanced Semiconductor Engineering (NYSE: ASX) is expected to report Q2 earnings July 7. 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 Advanced Semiconductor Engineering's revenues will expand 3.0% and EPS will contract 0.0%.

The average estimate for revenue is $1.60 billion. On the bottom line, the average EPS estimate is $0.09.

Revenue details
Last quarter, Advanced Semiconductor Engineering booked revenue of $1.44 billion. GAAP reported sales were 6.5% lower than the prior-year quarter's $1.56 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS of $0.01 for Q1 were 50% lower than the prior-year quarter's $0.02 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 16.7%, 210 basis points worse than the prior-year quarter. Operating margin was 6.6%, 290 basis points worse than the prior-year quarter. Net margin was 4.8%, 380 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $6.62 billion. The average EPS estimate is $0.38.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Semiconductor Engineering is outperform, with an average price target of $5.40.

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