Avid Technology (Nasdaq: AVID) is expected to report Q2 earnings on July 30. 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 Avid Technology's revenues will contract -3.6% and EPS will remain in the red.

The average estimate for revenue is $155.6 million. On the bottom line, the average EPS estimate is -$0.07.

Revenue details
 Last quarter, Avid Technology reported revenue of $152.1 million. GAAP reported sales were 8.2% lower than the prior-year quarter's $165.8 million.

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 -$0.24. GAAP EPS were -$0.34 for Q1 compared to -$0.13 per share for the prior-year quarter.

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 51.4%, 160 basis points worse than the prior-year quarter. Operating margin was -7.9%, 490 basis points worse than the prior-year quarter. Net margin was -8.5%, 560 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $663.9 million. The average EPS estimate is $0.16.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 88 members out of 133 rating the stock outperform, and 45 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Avid Technology a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avid Technology is hold, with an average price target of $12.13.

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