Interactive Intelligence Group (Nasdaq: ININ) is expected to report Q2 earnings on Aug. 5. 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 Interactive Intelligence Group's revenues will increase 27.5% and EPS will decrease -33.3%.

The average estimate for revenue is $69.9 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
 Last quarter, Interactive Intelligence Group reported revenue of $73.2 million. GAAP reported sales were 39% higher than the prior-year quarter's $52.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.17. GAAP EPS of $0.07 for Q1 were much higher than the prior-year quarter's $0.01 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 64.7%, 280 basis points worse than the prior-year quarter. Operating margin was 4.7%, 420 basis points better than the prior-year quarter. Net margin was 2.0%, 160 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $298.5 million. The average EPS estimate is $0.44.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 365 members out of 391 rating the stock outperform, and 26 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Interactive Intelligence Group a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Interactive Intelligence Group is outperform, with an average price target of $46.83.

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