SAP (NYSE: SAP) 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 SAP's revenues will expand 15.3% and EPS will expand 16.9%.

The average estimate for revenue is $5.15 billion. On the bottom line, the average EPS estimate is $0.76.

Revenue details
 Last quarter, SAP booked revenue of $6.62 billion. GAAP reported sales were 11% higher than the prior-year quarter's $4.58 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, EPS came in at $0.67. GAAP EPS of $0.67 for Q4 were 52% lower than the prior-year quarter's $1.41 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 70.7%, 80 basis points worse than the prior-year quarter. Operating margin was 27.5%, 610 basis points worse than the prior-year quarter. Net margin was 15.6%, 2,110 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $24.26 billion. The average EPS estimate is $4.57.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 340 members out of 390 rating the stock outperform, and 50 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give SAP a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SAP is hold, with an average price target of $64.18.

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