VeriFone Systems (NYSE: PAY) is expected to report Q2 earnings on June 5. 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 VeriFone Systems's revenues will compress -8.0% and EPS will decrease -26.6%.

The average estimate for revenue is $441.1 million. On the bottom line, the average EPS estimate is $0.47.

Revenue details
 Last quarter, VeriFone Systems booked revenue of $429.7 million. GAAP reported sales were 2.2% higher than the prior-year quarter's $419.5 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 $0.51. GAAP EPS were $0.11 for Q1 compared to -$0.03 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 40.1%, 280 basis points better than the prior-year quarter. Operating margin was 5.2%, 170 basis points worse than the prior-year quarter. Net margin was 2.8%, 350 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.81 billion. The average EPS estimate is $2.02.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VeriFone Systems is hold, with an average price target of $40.54.

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