Spreadtrum Communications (Nasdaq: SPRD) is expected to report Q2 earnings on Thursday. 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 Spreadtrum Communications's revenues will expand 7.5% and EPS will decrease -20.0%.

The average estimate for revenue is $172.2 million. On the bottom line, the average EPS estimate is $0.48.

Revenue details
Last quarter, Spreadtrum Communications recorded revenue of $161.1 million. GAAP reported sales were 18% higher than the prior-year quarter's $137.1 million.

My

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 $0.47. GAAP EPS of $0.48 for Q1 were 5.9% lower than the prior-year quarter's $0.51 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 38.0%, 420 basis points worse than the prior-year quarter. Operating margin was 16.1%, 480 basis points worse than the prior-year quarter. Net margin was 15.1%, 500 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $716.9 million. The average EPS estimate is $2.10.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 269 members rating the stock outperform and 68 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Spreadtrum Communications a green thumbs-up, and 27 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spreadtrum Communications is outperform, with an average price target of $20.87.

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