FormFactor (Nasdaq: FORM) 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 FormFactor's revenues will expand 10.9% and EPS will remain in the red.

The average estimate for revenue is $60.8 million. On the bottom line, the average EPS estimate is -$0.03.

Revenue details
Last quarter, FormFactor chalked up revenue of $52.6 million. GAAP reported sales were 51% higher than the prior-year quarter's $34.8 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 -$0.13. GAAP EPS were -$0.37 for Q1 against -$0.35 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 17.2%, 530 basis points better than the prior-year quarter. Operating margin was -29.6%, much better than the prior-year quarter. Net margin was -37.6%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $249.3 million. The average EPS estimate is -$0.08.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,326 members out of 1,363 rating the stock outperform, and 37 members rating it underperform. Among 390 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 381 give FormFactor 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 FormFactor is outperform, with an average price target of $7.35.

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