Fusion-io (NYSE: FIO) is expected to report Q3 earnings on April 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 Fusion-io's revenues will wither -14.7% and EPS will shrink to a loss.

The average estimate for revenue is $80.4 million. On the bottom line, the average EPS estimate is -$0.07.

Revenue details
Last quarter, Fusion-io chalked up revenue of $120.6 million. GAAP reported sales were 43% higher than the prior-year quarter's $84.1 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 $0.13. GAAP EPS were $0.02 for Q2 versus -$0.07 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 61.8%, much better than the prior-year quarter. Operating margin was 5.7%, much better than the prior-year quarter. Net margin was 1.4%, 820 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $426.7 million. The average EPS estimate is $0.18.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 230 members out of 260 rating the stock outperform, and 30 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Fusion-io a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fusion-io is outperform, with an average price target of $32.47.

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