Sonus Networks (Nasdaq: SONS) is expected to report Q2 earnings on July 29. 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 Sonus Networks's revenues will expand 16.2% and EPS will come to zero.

The average estimate for revenue is $66.9 million. On the bottom line, the average EPS estimate is $0.00.

Revenue details
 Last quarter, Sonus Networks reported revenue of $63.3 million. GAAP reported sales were 1.6% lower than the prior-year quarter's $64.3 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 -$0.02. GAAP EPS were -$0.05 for Q1 compared to -$0.02 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 59.7%, 520 basis points worse than the prior-year quarter. Operating margin was -18.2%, 860 basis points worse than the prior-year quarter. Net margin was -21.7%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $269.5 million. The average EPS estimate is $0.00.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 360 members out of 385 rating the stock outperform, and 25 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Sonus Networks a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sonus Networks is buy, with an average price target of $3.25.

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