Zix (Nasdaq: ZIXI) is expected to report Q2 earnings on July 23. 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 Zix's revenues will expand 13.0% and EPS will wane -20.0%.

The average estimate for revenue is $11.7 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Zix reported revenue of $11.8 million. GAAP reported sales were 14% higher than the prior-year quarter's $10.3 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 $0.03. GAAP EPS of $0.01 for Q1 were 75% lower than the prior-year quarter's $0.04 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 83.5%, 150 basis points better than the prior-year quarter. Operating margin was 5.1%, much worse than the prior-year quarter. Net margin was 4.8%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $49.0 million. The average EPS estimate is $0.19.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 549 members out of 787 rating the stock outperform, and 238 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Zix a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Zix is buy, with an average price target of $5.08.

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