Phoenix New Media (NYSE: FENG) is expected to report Q2 earnings on Aug. 13. 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 Phoenix New Media's revenues will grow 27.3% and EPS will wane -111.1%.

The average estimate for revenue is $45.4 million. On the bottom line, the average EPS estimate is $0.10.

Revenue details
Last quarter, Phoenix New Media tallied revenue of $37.8 million. GAAP reported sales were 45% higher than the prior-year quarter's $26.2 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 $0.07. GAAP EPS were $0.06 for Q1 against -$1.97 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 49.8%, 1,110 basis points better than the prior-year quarter. Operating margin was 11.4%, 2,550 basis points better than the prior-year quarter. Net margin was 13.8%, 2,910 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $196.7 million. The average EPS estimate is $0.40.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with five members out of 17 rating the stock outperform, and 12 members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Phoenix New Media is buy, with an average price target of $10.13.

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