Mobile Telesystems OJSC (NYSE: MBT) is expected to report Q2 earnings on Aug. 28. 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 Mobile Telesystems OJSC's revenues will wane -0.1% and EPS will wither -13.2%.

The average estimate for revenue is $3.12 billion. On the bottom line, the average EPS estimate is $0.33.

Revenue details
 Last quarter, Mobile Telesystems OJSC chalked up revenue of $3.01 billion. GAAP reported sales were 2.7% higher than the prior-year quarter's $2.93 billion.

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 $0.52. GAAP EPS of $0.51 for Q1 were 50% higher than the prior-year quarter's $0.34 per share.

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 71.7%, 80 basis points better than the prior-year quarter. Operating margin was 21.6%, 210 basis points better than the prior-year quarter. Net margin was 17.0%, 600 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $12.73 billion. The average EPS estimate is $1.54.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mobile Telesystems OJSC is outperform, with an average price target of $21.63.

Can your retirement portfolio provide you with enough income to last? You'll need more than Mobile Telesystems OJSC. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.