OpenText (Nasdaq: OTEX) is expected to report Q2 earnings on Jan. 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 OpenText's revenues will grow 9.6% and EPS will wane -1.4%.

The average estimate for revenue is $352.3 million. On the bottom line, the average EPS estimate is $1.37.

Revenue details
 Last quarter, OpenText booked revenue of $326.2 million. GAAP reported sales were 13% higher than the prior-year quarter's $288.0 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 $1.31. GAAP EPS of $0.33 for Q1 were 45% lower than the prior-year quarter's $0.60 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 70.3%, 170 basis points worse than the prior-year quarter. Operating margin was 15.2%, 330 basis points better than the prior-year quarter. Net margin was 6.0%, 610 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.39 billion. The average EPS estimate is $5.32.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 190 members out of 211 rating the stock outperform, and 21 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give OpenText a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OpenText is outperform, with an average price target of $66.00.

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