Convergys (NYSE: CVG) is expected to report Q2 earnings on July 31. 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 Convergys' revenues will wane 12.3% and EPS will shrink 34.6%.

The average estimate for revenue is $483.8 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
Last quarter, Convergys notched revenue of $497.5 million. GAAP reported sales were 7.0% higher than the prior-year quarter's $464.8 million.

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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, EPS came in at $0.22. GAAP EPS of $0.22 for Q1 were 21% lower than the prior-year quarter's $0.28 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 36.1%, 30 basis points worse than the prior-year quarter. Operating margin was 5.8%, 50 basis points better than the prior-year quarter. Net margin was 5.2%, 230 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.99 billion. The average EPS estimate is $0.79.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 94 members out of 114 rating the stock outperform, and 20 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Convergys 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 Convergys is outperform, with an average price target of $15.88.

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