Entropic Communications (Nasdaq: ENTR) 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 Entropic Communications's revenues will decrease -15.6% and EPS will come to zero.

The average estimate for revenue is $70.1 million. On the bottom line, the average EPS estimate is $0.00.

Revenue details
 Last quarter, Entropic Communications recorded revenue of $74.5 million. GAAP reported sales were 26% higher than the prior-year quarter's $59.1 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 $0.00. GAAP EPS were -$0.03 for Q1 compared to $0.04 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 46.8%, 940 basis points worse than the prior-year quarter. Operating margin was -9.0%, much worse than the prior-year quarter. Net margin was -3.2%, 980 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $298.0 million. The average EPS estimate is $0.05.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 242 members out of 272 rating the stock outperform, and 30 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Entropic Communications a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Entropic Communications is hold, with an average price target of $6.32.

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