Calix (NYSE: CALX) is expected to report Q2 earnings around 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 Calix's revenues will increase 22.6% and EPS will grow 50.0%.

The average estimate for revenue is $96.8 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
 Last quarter, Calix reported revenue of $90.5 million. GAAP reported sales were 15% higher than the prior-year quarter's $78.6 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 $0.06. GAAP EPS were -$0.13 for Q1 versus -$0.16 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 47.7%, 300 basis points better than the prior-year quarter. Operating margin was -6.1%, 330 basis points better than the prior-year quarter. Net margin was -6.9%, 270 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $405.7 million. The average EPS estimate is $0.42.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 68 members out of 75 rating the stock outperform, and seven members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Calix 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 Calix is outperform, with an average price target of $9.58.

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