OpenText (Nasdaq: OTEX) 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 OpenText's revenues will grow 18.1% and EPS will grow 28.7%.

The average estimate for revenue is $345.2 million. On the bottom line, the average EPS estimate is $1.30.

Revenue details
Last quarter, OpenText recorded revenue of $352.2 million. GAAP reported sales were 9.6% higher than the prior-year quarter's $321.5 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 $1.58. GAAP EPS of $1.04 for Q2 were 28% higher than the prior-year quarter's $0.81 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 71.7%, 200 basis points worse than the prior-year quarter. Operating margin was 19.7%, 90 basis points better than the prior-year quarter. Net margin was 17.4%, 260 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.39 billion. The average EPS estimate is $5.62.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 191 members out of 213 rating the stock outperform, and 22 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 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 hold, with an average price target of $63.25.

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