QUALCOMM (Nasdaq: QCOM) is expected to report Q2 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 QUALCOMM's revenues will expand 22.9% and EPS will grow 14.9%.

The average estimate for revenue is $6.07 billion. On the bottom line, the average EPS estimate is $1.16.

Revenue details
 Last quarter, QUALCOMM tallied revenue of $6.02 billion. GAAP reported sales were 29% higher than the prior-year quarter's $4.68 billion.

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 $1.26. GAAP EPS of $1.09 for Q1 were 35% 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 62.8%, 30 basis points better than the prior-year quarter. Operating margin was 34.7%, 160 basis points better than the prior-year quarter. Net margin was 31.7%, 180 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $24.07 billion. The average EPS estimate is $4.53.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,571 members out of 2,712 rating the stock outperform, and 141 members rating it underperform. Among 525 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 502 give QUALCOMM a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QUALCOMM is outperform, with an average price target of $73.01.

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