Spreadtrum Communications (Nasdaq: SPRD) is expected to report Q2 earnings on Aug. 6. 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 Spreadtrum Communications's revenues will expand 58.3% and EPS will expand 104.9%.

The average estimate for revenue is $274.0 million. On the bottom line, the average EPS estimate is $0.84.

Revenue details
 Last quarter, Spreadtrum Communications reported revenue of $189.0 million. GAAP reported sales were 17% higher than the prior-year quarter's $161.1 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 $0.50. GAAP EPS of $0.39 for Q1 were 19% lower than the prior-year quarter's $0.48 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 37.3%, 70 basis points worse than the prior-year quarter. Operating margin was 11.9%, 420 basis points worse than the prior-year quarter. Net margin was 10.7%, 440 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.02 billion. The average EPS estimate is $2.79.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 258 members out of 322 rating the stock outperform, and 64 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Spreadtrum Communications a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spreadtrum Communications is outperform, with an average price target of $23.39.

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