Fairchild Semiconductor International (NYSE: FCS) is expected to report Q2 earnings on July 18. 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 Fairchild Semiconductor International's revenues will grow 1.2% and EPS will drop -50.0%.

The average estimate for revenue is $365.8 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
 Last quarter, Fairchild Semiconductor International booked revenue of $343.2 million. GAAP reported sales were 2.6% lower than the prior-year quarter's $352.2 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 -$0.02. GAAP EPS dropped to zero from the prior-year quarter's $0.01.

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 27.8%, 200 basis points worse than the prior-year quarter. Operating margin was -0.8%, 230 basis points worse than the prior-year quarter. Net margin was -0.1%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.49 billion. The average EPS estimate is $0.44.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fairchild Semiconductor International is outperform, with an average price target of $16.46.

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