Fusion-io (NYSE: FIO) is expected to report Q2 earnings on Jan. 30. 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 Fusion-io's revenues will grow 42.6% and EPS will expand 60.0%.

The average estimate for revenue is $120.0 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
Last quarter, Fusion-io booked revenue of $118.1 million. GAAP reported sales were 59% higher than the prior-year quarter's $74.4 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 $0.14. GAAP EPS of $0.04 for Q1 were 43% lower than the prior-year quarter's $0.07 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 59.4%, 380 basis points worse than the prior-year quarter. Operating margin was 7.2%, 90 basis points better than the prior-year quarter. Net margin was 3.3%, 640 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $530.5 million. The average EPS estimate is $0.41.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 228 members out of 252 rating the stock outperform, and 24 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Fusion-io a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fusion-io is outperform, with an average price target of $33.46.

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