Parametric Technology (Nasdaq: PMTC) is expected to report Q1 earnings on Jan. 23. 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 Parametric Technology's revenues will grow 0.7% and EPS will decrease -5.7%.

The average estimate for revenue is $320.4 million. On the bottom line, the average EPS estimate is $0.33.

Revenue details
 Last quarter, Parametric Technology recorded revenue of $325.3 million. GAAP reported sales were 4.2% lower than the prior-year quarter's $339.4 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 $0.50. GAAP EPS were -$0.71 for Q4 compared to $0.32 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 73.0%, 200 basis points better than the prior-year quarter. Operating margin was 18.1%, 180 basis points better than the prior-year quarter. Net margin was -25.8%, 3,690 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.36 billion. The average EPS estimate is $1.75.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 74 members out of 91 rating the stock outperform, and 17 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Parametric Technology a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parametric Technology is outperform, with an average price target of $25.45.

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