Micrel (Nasdaq: MCRL) is expected to report Q2 earnings on July 25. 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 Micrel's revenues will wither -2.6% and EPS will wane -20.0%.

The average estimate for revenue is $62.1 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
Last quarter, Micrel logged revenue of $59.7 million. GAAP reported sales were 2.3% lower than the prior-year quarter's $61.2 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, EPS came in at $0.09. GAAP EPS of $0.09 for Q1 were 10% lower than the prior-year quarter's $0.10 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 52.0%, 230 basis points worse than the prior-year quarter. Operating margin was 9.1%, 510 basis points worse than the prior-year quarter. Net margin was 8.8%, 90 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $255.0 million. The average EPS estimate is $0.39.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 111 members out of 118 rating the stock outperform, and seven members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Micrel a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micrel is buy, with an average price target of $15.50.

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