Avago Technologies (Nasdaq: AVGO) is expected to report Q2 earnings on May 29. 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 Avago Technologies's revenues will contract -3.4% and EPS will decrease -15.2%.

The average estimate for revenue is $557.2 million. On the bottom line, the average EPS estimate is $0.56.

Revenue details
 Last quarter, Avago Technologies chalked up revenue of $576.0 million. GAAP reported sales were 2.3% higher than the prior-year quarter's $563.0 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 $0.65. GAAP EPS of $0.50 were the same as 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 50.3%, 10 basis points worse than the prior-year quarter. Operating margin was 21.7%, 190 basis points worse than the prior-year quarter. Net margin was 21.7%, 50 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.38 billion. The average EPS estimate is $2.54.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 93 members out of 100 rating the stock outperform, and seven members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Avago Technologies a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avago Technologies is outperform, with an average price target of $40.80.

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