Sirius XM Radio (Nasdaq: SIRI) 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 with the prior-year quarter, average analyst estimates predict Sirius XM Radio's revenues will expand 12.0% and EPS will wither 0.0%.

The average estimate for revenue is $833.4 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
Last quarter, Sirius XM Radio reported revenue of $804.7 million. GAAP reported sales were 11% higher than the prior-year quarter's $723.8 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 $0.01. GAAP EPS of $0.02 for Q1 were 100% higher than the prior-year quarter's $0.01 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 63.7%, 110 basis points better than the prior-year quarter. Operating margin was 24.8%, 210 basis points better than the prior-year quarter. Net margin was 13.4%, 260 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.38 billion. The average EPS estimate is $0.06.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,477 members out of 5,445 rating the stock outperform, and 968 members rating it underperform. Among 756 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 515 give Sirius XM Radio a green thumbs-up, and 241 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sirius XM Radio is outperform, with an average price target of $2.60.

Want to read more about Sirius XM? Our tech analyst and Sirius specialist has put together a premium research report that will help you know what to expect from this stock. Check it out now.