NXP Semiconductors (Nasdaq: NXPI) is expected to report Q2 earnings on July 31. 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 NXP Semiconductors's revenues will expand 7.7% and EPS will grow 42.2%.

The average estimate for revenue is $1.18 billion. On the bottom line, the average EPS estimate is $0.64.

Revenue details
 Last quarter, NXP Semiconductors reported revenue of $1.09 billion. GAAP reported sales were 11% higher than the prior-year quarter's $978.0 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 $0.72. GAAP EPS were -$0.06 for Q1 compared to -$0.10 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 44.7%, 110 basis points better than the prior-year quarter. Operating margin was 10.5%, 410 basis points better than the prior-year quarter. Net margin was -1.3%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.73 billion. The average EPS estimate is $2.90.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 613 members out of 619 rating the stock outperform, and six members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give NXP Semiconductors a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NXP Semiconductors is outperform, with an average price target of $35.69.

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