Rovi (Nasdaq: ROVI) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Rovi's revenues will compress -18.1% and EPS will wither -37.7%.

The average estimate for revenue is $158.0 million. On the bottom line, the average EPS estimate is $0.38.

Revenue details
Last quarter, Rovi reported revenue of $175.0 million. GAAP reported sales were 15% higher than the prior-year quarter's $152.7 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 $0.56. GAAP EPS were -$0.05 for Q1 against $0.15 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 83.0%, 210 basis points worse than the prior-year quarter. Operating margin was 13.8%, 470 basis points worse than the prior-year quarter. Net margin was -2.6%, 1,380 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $662.9 million. The average EPS estimate is $1.74.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 170 members out of 199 rating the stock outperform, and 29 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Rovi a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rovi is outperform, with an average price target of $41.83.

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