Extreme Networks (Nasdaq: EXTR) is expected to report Q3 earnings on April 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 Extreme Networks's revenues will decrease -2.0% and EPS will grow 50.0%.

The average estimate for revenue is $71.9 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
 Last quarter, Extreme Networks tallied revenue of $75.6 million. GAAP reported sales were 8.8% lower than the prior-year quarter's $82.8 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 $0.03. GAAP EPS were -$0.04 for Q2 versus $0.04 per share for 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 53.9%, 200 basis points worse than the prior-year quarter. Operating margin was 1.3%, 410 basis points worse than the prior-year quarter. Net margin was -5.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $301.1 million. The average EPS estimate is $0.20.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 115 members out of 122 rating the stock outperform, and seven members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Extreme Networks 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 Extreme Networks is outperform, with an average price target of $5.17.

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