Intel (Nasdaq: INTC) 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 Intel's revenues will shrink -4.5% and EPS will shrink -27.8%.

The average estimate for revenue is $12.89 billion. On the bottom line, the average EPS estimate is $0.39.

Revenue details
Last quarter, Intel reported revenue of $12.58 billion. GAAP reported sales were 2.5% lower than the prior-year quarter's $12.91 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, EPS came in at $0.40. GAAP EPS of $0.40 for Q1 were 25% lower than the prior-year quarter's $0.53 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 56.2%, 780 basis points worse than the prior-year quarter. Operating margin was 20.0%, 950 basis points worse than the prior-year quarter. Net margin was 16.3%, 490 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $53.45 billion. The average EPS estimate is $1.87.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,435 members out of 10,057 rating the stock outperform, and 622 members rating it underperform. Among 2,065 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,979 give Intel a green thumbs-up, and 86 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intel is hold, with an average price target of $22.86.

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