What Does Wall Street See for Carbonite's Q2?

Carbonite (Nasdaq: CARB  ) is expected to report Q2 earnings around July 12. 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 Carbonite's revenues will grow 27.5% and EPS will remain in the red.

The average estimate for revenue is $25.8 million. On the bottom line, the average EPS estimate is -$0.11.

Revenue details
Last quarter, Carbonite tallied revenue of $24.5 million. GAAP reported sales were 32% higher than the prior-year quarter's $18.5 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 -$0.18. GAAP EPS were -$0.29 for Q1 compared to -$0.36 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 63.9%, 50 basis points better than the prior-year quarter. Operating margin was -29.6%, much better than the prior-year quarter. Net margin was -30.3%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $105.3 million. The average EPS estimate is -$0.42.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 16 members out of 49 rating the stock outperform, and 33 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Carbonite a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carbonite is outperform, with an average price target of $12.75.

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