Cincinnati Bell (NYSE: CBB) is expected to report Q2 earnings on Wednesday. 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 Cincinnati Bell's revenues will improve 0.7% and EPS will wane -14.3%.

The average estimate for revenue is $370.0 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
Last quarter, Cincinnati Bell notched revenue of $362.8 million. GAAP reported sales were 0.6% higher than the prior-year quarter's $360.8 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 $0.06. GAAP EPS of $0.05 for Q1 were 38% lower 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 54.3%, 160 basis points worse than the prior-year quarter. Operating margin was 22.6%, 200 basis points worse than the prior-year quarter. Net margin was 3.5%, 150 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is $0.24.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 107 members rating the stock outperform and 14 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Cincinnati Bell a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cincinnati Bell is outperform, with an average price target of $4.34.

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