iGATE (Nasdaq: IGTE) is expected to report Q2 earnings around July 11. 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 iGATE's revenues will grow 4.1% and EPS will grow 21.4%.

The average estimate for revenue is $279.1 million. On the bottom line, the average EPS estimate is $0.34.

Revenue details
 Last quarter, iGATE reported revenue of $274.9 million. GAAP reported sales were 4.4% higher than the prior-year quarter's $263.3 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, non-GAAP EPS came in at $0.51. GAAP EPS of $0.34 for Q1 were 55% higher than the prior-year quarter's $0.22 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 38.1%, 210 basis points worse than the prior-year quarter. Operating margin was 19.3%, 100 basis points better than the prior-year quarter. Net margin was 12.6%, 350 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.13 billion. The average EPS estimate is $1.67.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 202 members out of 210 rating the stock outperform, and eight members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give iGATE a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on iGATE is hold, with an average price target of $21.57.

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