Analog Devices (Nasdaq: ADI) is expected to report Q2 earnings on May 21. 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 Analog Devices's revenues will shrink -2.2% and EPS will compress -1.9%.

The average estimate for revenue is $660.4 million. On the bottom line, the average EPS estimate is $0.52.

Revenue details
 Last quarter, Analog Devices tallied revenue of $622.1 million. GAAP reported sales were 4.0% lower than the prior-year quarter's $648.1 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 $0.44. GAAP EPS of $0.42 for Q1 were 8.7% lower than the prior-year quarter's $0.46 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 62.7%, 50 basis points worse than the prior-year quarter. Operating margin was 27.0%, 170 basis points worse than the prior-year quarter. Net margin was 21.1%, 40 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.69 billion. The average EPS estimate is $2.17.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 361 members out of 398 rating the stock outperform, and 37 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Analog Devices a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Analog Devices is outperform, with an average price target of $42.32.

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