Raytheon (NYSE: RTN) is expected to report Q4 earnings on Jan. 24. 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 Raytheon's revenues will wither -0.4% and EPS will compress -17.7%.

The average estimate for revenue is $6.41 billion. On the bottom line, the average EPS estimate is $1.30.

Revenue details
Last quarter, Raytheon logged revenue of $6.05 billion. GAAP reported sales were 1.2% lower than the prior-year quarter's $6.12 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 $1.51. GAAP EPS of $1.51 for Q3 were 5.6% higher than the prior-year quarter's $1.43 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 22.4%, 110 basis points better than the prior-year quarter. Operating margin was 13.0%, 110 basis points better than the prior-year quarter. Net margin was 8.3%, 10 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $24.40 billion. The average EPS estimate is $5.52.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Raytheon is hold, with an average price target of $55.63.

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