Sonic (Nasdaq: SONC) is expected to report Q2 earnings on March 25. 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 Sonic's revenues will decrease -2.0% and EPS will increase 66.7%.

The average estimate for revenue is $112.8 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
Last quarter, Sonic recorded revenue of $126.0 million. GAAP reported sales were 1.8% lower than the prior-year quarter's $128.3 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, EPS came in at $0.11. GAAP EPS of $0.11 for Q1 were 22% higher than the prior-year quarter's $0.09 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 52.3%, 130 basis points better than the prior-year quarter. Operating margin was 13.7%, 60 basis points better than the prior-year quarter. Net margin was 4.9%, 60 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $544.3 million. The average EPS estimate is $0.69.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 364 members out of 416 rating the stock outperform, and 52 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Sonic a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sonic is hold, with an average price target of $11.11.

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