Nuance Communications (Nasdaq: NUAN) is expected to report Q3 earnings on Aug. 8. 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 Nuance Communications' revenues will improve 27.0% and EPS will improve 11.4%.

The average estimate for revenue is $438.5 million. On the bottom line, the average EPS estimate is $0.39.

Revenue details
Last quarter, Nuance Communications chalked up revenue of $417.7 million. GAAP reported sales were 22% higher than the prior-year quarter's $319.0 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 $0.43. GAAP EPS shrank to zero from the prior-year quarter's $0.01.

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 67.8%, 260 basis points better than the prior-year quarter. Operating margin was 12.3%, 770 basis points better than the prior-year quarter. Net margin was 0.2%, 30 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.74 billion. The average EPS estimate is $1.62.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,475 members rating the stock outperform, and 244 members rating it underperform. Among 1,315 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,276 give Nuance Communications a green thumbs-up, and 39 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nuance Communications is outperform, with an average price target of $30.01.

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