TW Telecom (Nasdaq: TWTC) is expected to report Q2 earnings around Aug. 7. 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 TW Telecom's revenues will expand 8.0% and EPS will improve 55.6%.

The average estimate for revenue is $365.5 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
Last quarter, TW Telecom logged revenue of $358.9 million. GAAP reported sales were 7.9% higher than the prior-year quarter's $332.5 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, EPS came in at $0.13. GAAP EPS of $0.13 for Q1 were 63% higher than the prior-year quarter's $0.08 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 58.4%, 40 basis points better than the prior-year quarter. Operating margin was 15.4%, 210 basis points better than the prior-year quarter. Net margin was 5.4%, 160 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is $0.58.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 87 members out of 111 rating the stock outperform, and 24 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give TW Telecom a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TW Telecom is outperform, with an average price target of $23.86.

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