Cavium (Nasdaq: CAVM) is expected to report Q2 earnings on July 31. 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 Cavium's revenues will grow 34.0% and EPS will grow 214.3%.

The average estimate for revenue is $74.1 million. On the bottom line, the average EPS estimate is $0.22.

Revenue details
 Last quarter, Cavium chalked up revenue of $69.5 million. GAAP reported sales were 32% higher than the prior-year quarter's $52.7 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 $0.19. GAAP EPS were -$0.06 for Q1 versus -$0.28 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 62.4%, much better than the prior-year quarter. Operating margin was -5.0%, much better than the prior-year quarter. Net margin was -4.6%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $306.1 million. The average EPS estimate is $0.93.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 76 members out of 110 rating the stock outperform, and 34 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Cavium a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cavium is outperform, with an average price target of $36.50.

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