STMicroelectronics (NYSE: STM) is expected to report Q2 earnings on July 22. 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 STMicroelectronics's revenues will compress -3.8% and EPS will come to zero.

The average estimate for revenue is $2.07 billion. On the bottom line, the average EPS estimate is $0.00.

Revenue details
 Last quarter, STMicroelectronics notched revenue of $2.01 billion. GAAP reported sales were 0.4% lower than the prior-year quarter's $2.02 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 -$0.13. GAAP EPS were -$0.19 for Q1 against -$0.20 per share for the prior-year quarter.

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 31.3%, 120 basis points worse than the prior-year quarter. Operating margin was -9.1%, 450 basis points better than the prior-year quarter. Net margin was -8.5%, 20 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.39 billion. The average EPS estimate is $0.04.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STMicroelectronics is outperform, with an average price target of $8.96.

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