STEC (Nasdaq: STEC) is expected to report Q2 earnings on Aug. 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 STEC's revenues will wither -50.3% and EPS will shrink to a loss.

The average estimate for revenue is $41.0 million. On the bottom line, the average EPS estimate is -$0.26.

Revenue details
Last quarter, STEC booked revenue of $50.4 million. GAAP reported sales were 47% lower than the prior-year quarter's $94.9 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, non-GAAP EPS came in at -$0.17. GAAP EPS were -$0.23 for Q1 versus $0.27 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 35.9%, 650 basis points worse than the prior-year quarter. Operating margin was -27.5%, 4,350 basis points worse than the prior-year quarter. Net margin was -21.2%, 3,610 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $199.3 million. The average EPS estimate is -$0.73.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STEC is hold, with an average price target of $9.20.