SanDisk (Nasdaq: SNDK) is expected to report Q2 earnings on July 17. 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 SanDisk's revenues will increase 35.5% and EPS will grow 342.9%.

The average estimate for revenue is $1.40 billion. On the bottom line, the average EPS estimate is $0.93.

Revenue details
 Last quarter, SanDisk chalked up revenue of $1.34 billion. GAAP reported sales were 11% higher than the prior-year quarter's $1.21 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 $0.84. GAAP EPS of $0.68 for Q1 were 48% higher than the prior-year quarter's $0.46 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 40.4%, 470 basis points better than the prior-year quarter. Operating margin was 18.9%, 340 basis points better than the prior-year quarter. Net margin was 12.4%, 290 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.83 billion. The average EPS estimate is $4.14.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,855 members out of 2,007 rating the stock outperform, and 152 members rating it underperform. Among 438 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 419 give SanDisk a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SanDisk is outperform, with an average price target of $57.85.

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