MICROS Systems (Nasdaq: MCRS) is expected to report Q2 earnings on Jan. 24. 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 MICROS Systems's revenues will grow 18.6% and EPS will increase 13.7%.

The average estimate for revenue is $320.7 million. On the bottom line, the average EPS estimate is $0.58.

Revenue details
 Last quarter, MICROS Systems reported revenue of $299.9 million. GAAP reported sales were 17% higher than the prior-year quarter's $256.6 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 $0.57. GAAP EPS of $0.50 for Q1 were 11% higher than the prior-year quarter's $0.45 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 51.1%, 520 basis points worse than the prior-year quarter. Operating margin was 17.7%, 310 basis points worse than the prior-year quarter. Net margin was 13.7%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.32 billion. The average EPS estimate is $2.44.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 134 members out of 145 rating the stock outperform, and 11 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give MICROS Systems a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MICROS Systems is outperform, with an average price target of $58.70.

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