Flextronics International (Nasdaq: FLEX) is expected to report Q2 earnings on Oct. 18. 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 Flextronics International's revenues will shrink -24.0% and EPS will grow 4.5%.

The average estimate for revenue is $6.11 billion. On the bottom line, the average EPS estimate is $0.23.

Revenue details
 Last quarter, Flextronics International reported revenue of $5.99 billion. GAAP reported sales were 20% lower than the prior-year quarter's $7.51 billion.

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 $0.23. GAAP EPS of $0.19 for Q1 were 5.6% higher than the prior-year quarter's $0.18 per share.

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 6.0%, 70 basis points better than the prior-year quarter. Operating margin was 2.6%, 30 basis points better than the prior-year quarter. Net margin was 2.1%, 30 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $24.57 billion. The average EPS estimate is $0.97.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 595 members out of 626 rating the stock outperform, and 31 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Flextronics International a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flextronics International is outperform, with an average price target of $8.26.