salesforce.com (NYSE: CRM) is expected to report Q2 earnings around Aug. 15. 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 salesforce.com's revenues will expand 33.4% and EPS will improve 30.0%.

The average estimate for revenue is $728.1 million. On the bottom line, the average EPS estimate is $0.39.

Revenue details
Last quarter, salesforce.com logged revenue of $695.5 million. GAAP reported sales were 38% higher than the prior-year quarter's $504.4 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 $0.37. GAAP EPS were -$0.14 for Q1 compared to $0.00 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 78.2%, 140 basis points worse than the prior-year quarter. Operating margin was -3.2%, 260 basis points worse than the prior-year quarter. Net margin was -2.8%, 290 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.02 billion. The average EPS estimate is $1.51.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on salesforce.com is outperform, with an average price target of $158.59.

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