Ericsson (Nasdaq: ERIC) is expected to report Q2 earnings on July 18. 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 Ericsson's revenues will grow 4.5% and EPS will expand 63.6%.

The average estimate for revenue is $8.36 billion. On the bottom line, the average EPS estimate is $0.18.

Revenue details
 Last quarter, Ericsson reported revenue of $7.96 billion. GAAP reported sales were 3.7% higher than the prior-year quarter's $7.69 billion.

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 $0.15. GAAP EPS of $0.06 for Q1 were 86% lower than the prior-year quarter's $0.42 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 33.3%, 100 basis points worse than the prior-year quarter. Operating margin was 7.6%, 100 basis points better than the prior-year quarter. Net margin was 2.3%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $34.98 billion. The average EPS estimate is $0.78.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 340 members out of 372 rating the stock outperform, and 32 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Ericsson a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ericsson is outperform, with an average price target of $12.86.

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