American Software (Nasdaq: AMSWA) is expected to report Q2 earnings around Nov. 28. 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 American Software's revenues will increase 3.2% and EPS will contract -9.1%.

The average estimate for revenue is $26.4 million. On the bottom line, the average EPS estimate is $0.10.

Revenue details
Last quarter, American Software booked revenue of $25.9 million. GAAP reported sales were 9.3% higher than the prior-year quarter's $23.7 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 $0.10. GAAP EPS of $0.09 were the same as 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 54.1%, 150 basis points worse than the prior-year quarter. Operating margin was 14.4%, 80 basis points worse than the prior-year quarter. Net margin was 9.3%, 40 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $111.0 million. The average EPS estimate is $0.46.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 305 members out of 318 rating the stock outperform, and 13 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give American Software 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 American Software is outperform, with an average price target of $12.75.

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