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.

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.

Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does Emulex fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.