Sourcefire (Nasdaq: FIRE) 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 Sourcefire's revenues will expand 33.2% and EPS will improve 75.0%.

The average estimate for revenue is $48.6 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
 Last quarter, Sourcefire recorded revenue of $46.3 million. GAAP reported sales were 50% higher than the prior-year quarter's $30.8 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 $0.11. GAAP EPS dropped to zero from the prior-year quarter's $0.02.

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 76.4%, 220 basis points worse than the prior-year quarter. Operating margin was 0.3%, 840 basis points better than the prior-year quarter. Net margin was 0.1%, 140 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $210.3 million. The average EPS estimate is $0.75.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 136 members out of 166 rating the stock outperform, and 30 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Sourcefire a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sourcefire is outperform, with an average price target of $43.64.

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