Texas Instruments (Nasdaq: TXN) is expected to report Q4 earnings on Jan. 22. 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 Texas Instruments's revenues will shrink -13.8% and EPS will shrink -35.8%.

The average estimate for revenue is $2.95 billion. On the bottom line, the average EPS estimate is $0.34.

Revenue details
 Last quarter, Texas Instruments logged revenue of $3.39 billion. GAAP reported sales were 2.2% lower than the prior-year quarter's $3.47 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 $0.67 for Q3 were 31% higher than the prior-year quarter's $0.51 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 51.3%, 80 basis points better than the prior-year quarter. Operating margin was 28.3%, 40 basis points better than the prior-year quarter. Net margin was 23.1%, 580 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $12.78 billion. The average EPS estimate is $1.64.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,535 members out of 1,660 rating the stock outperform, and 125 members rating it underperform. Among 410 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 389 give Texas Instruments a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Instruments is hold, with an average price target of $31.34.

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