Medidata Solutions (Nasdaq: MDSO) is expected to report Q2 earnings on July 25. 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 Medidata Solutions's revenues will expand 24.7% and EPS will grow 26.1%.

The average estimate for revenue is $66.7 million. On the bottom line, the average EPS estimate is $0.29.

Revenue details
 Last quarter, Medidata Solutions tallied revenue of $63.3 million. GAAP reported sales were 26% higher than the prior-year quarter's $50.4 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 $0.35. GAAP EPS of $0.22 for Q1 were 47% higher than the prior-year quarter's $0.15 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 72.9%, 190 basis points better than the prior-year quarter. Operating margin was 11.3%, 100 basis points worse than the prior-year quarter. Net margin was 9.0%, 150 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $274.3 million. The average EPS estimate is $1.30.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 57 members out of 66 rating the stock outperform, and nine members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Medidata Solutions a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Medidata Solutions is outperform, with an average price target of $59.67.

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