Cabot Microelectronics (Nasdaq: CCMP) is expected to report Q3 earnings on July 30. 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 Cabot Microelectronics's revenues will decrease -1.0% and EPS will grow 5.5%.

The average estimate for revenue is $114.6 million. On the bottom line, the average EPS estimate is $0.58.

Revenue details
Last quarter, Cabot Microelectronics chalked up revenue of $100.4 million. GAAP reported sales were 1.1% higher than the prior-year quarter's $99.2 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 $0.40. GAAP EPS of $0.40 for Q2 were 74% higher than the prior-year quarter's $0.23 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 48.2%, 210 basis points better than the prior-year quarter. Operating margin was 13.9%, 470 basis points better than the prior-year quarter. Net margin was 9.4%, 380 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $437.5 million. The average EPS estimate is $2.05.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 36 members out of 41 rating the stock outperform, and five members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Cabot Microelectronics a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabot Microelectronics is outperform, with an average price target of $39.67.

Is Cabot Microelectronics the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.