Cognizant Technology Solutions (Nasdaq: CTSH) is expected to report Q2 earnings on Aug. 6. 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 Cognizant Technology Solutions' revenue will grow 20.6% and EPS will increase 20.9%.

The average estimate for revenue is $1.79 billion. On the bottom line, the average EPS estimate is $0.81.

Revenue details
Last quarter, Cognizant Technology Solutions booked revenue of $1.71 billion. GAAP reported sales were 25% higher than the prior-year quarter's $1.37 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, EPS came in at $0.79. GAAP EPS of $0.79 for Q1 were 18% higher than the prior-year quarter's $0.67 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 42.5%, 50 basis points worse than the prior-year quarter. Operating margin was 18.6%, 80 basis points worse than the prior-year quarter. Net margin was 14.2%, 100 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $7.34 billion. The average EPS estimate is $3.37.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,066 members out of 1,121 rating the stock outperform, and 55 members rating it underperform. Among 271 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 256 give Cognizant Technology Solutions a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cognizant Technology Solutions is outperform, with an average price target of $82.88.

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