MEMC Electronic Materials (NYSE: WFR) is expected to report Q2 earnings around Aug. 8. 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 MEMC Electronic Materials's revenues will decrease -4.0% and EPS will shrink to a loss.

The average estimate for revenue is $748.2 million. On the bottom line, the average EPS estimate is -$0.02.

Revenue details
Last quarter, MEMC Electronic Materials reported revenue of $523.8 million. GAAP reported sales were 29% lower than the prior-year quarter's $735.9 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 -$0.26. GAAP EPS were -$0.40 for Q1 against -$0.02 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 10.9%, 580 basis points worse than the prior-year quarter. Operating margin was -9.3%, 1,220 basis points worse than the prior-year quarter. Net margin was -17.7%, 1,710 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $2.58 billion. The average EPS estimate is -$0.34.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,822 members out of 1,895 rating the stock outperform, and 73 members rating it underperform. Among 338 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 318 give MEMC Electronic Materials a green thumbs-up, and 20 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MEMC Electronic Materials is hold, with an average price target of $6.08.

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