Sourcefire (Nasdaq: FIRE) is expected to report Q2 earnings on July 29. 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 Sourcefire's revenues will increase 22.6% and EPS will shrink -6.3%.

The average estimate for revenue is $62.0 million. On the bottom line, the average EPS estimate is $0.15.

Revenue details
Last quarter, Sourcefire booked revenue of $56.2 million. GAAP reported sales were 21% higher than the prior-year quarter's $46.3 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 $0.11. GAAP EPS of $0.00 were the same as 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 76.5%, 10 basis points better than the prior-year quarter. Operating margin was -2.4%, 270 basis points worse than the prior-year quarter. Net margin was 0.0%, 10 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $278.5 million. The average EPS estimate is $0.96.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 134 members out of 173 rating the stock outperform, and 39 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Sourcefire a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sourcefire is hold, with an average price target of $60.50.

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