Emulex (NYSE: ELX) is expected to report Q4 earnings around Aug. 9. 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 Emulex's revenues will improve 2.9% and EPS will grow 37.5%.

The average estimate for revenue is $127.0 million. On the bottom line, the average EPS estimate is $0.22.

Revenue details
Last quarter, Emulex notched revenue of $125.7 million. GAAP reported sales were 12% higher than the prior-year quarter's $112.1 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 $0.21. GAAP EPS were $0.10 for Q3 compared to -$0.21 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 63.6%, 110 basis points better than the prior-year quarter. Operating margin was 7.5%, 1,560 basis points better than the prior-year quarter. Net margin was 6.9%, 2,320 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $499.6 million. The average EPS estimate is $0.81.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emulex is hold, with an average price target of $10.56.

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