8x8 (Nasdaq: EGHT) is expected to report Q2 earnings on Oct. 24. 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 8x8's revenues will increase 32.0% and EPS will expand 150.0%.

The average estimate for revenue is $26.2 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
 Last quarter, 8x8 reported revenue of $25.3 million. GAAP reported sales were 36% higher than the prior-year quarter's $18.5 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 $0.05. GAAP EPS of $0.12 for Q1 were 300% higher than the prior-year quarter's $0.03 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 66.8%, 30 basis points worse than the prior-year quarter. Operating margin was 9.6%, 90 basis points better than the prior-year quarter. Net margin was 34.1%, 2,360 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $107.1 million. The average EPS estimate is $0.20.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 310 members out of 323 rating the stock outperform, and 13 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give 8x8 a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 8x8 is buy, with an average price target of $6.19.