Ixia (Nasdaq: XXIA) is expected to report Q4 earnings around 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 Ixia's revenues will expand 48.3% and EPS will expand 27.8%.

The average estimate for revenue is $124.1 million. On the bottom line, the average EPS estimate is $0.23.

Revenue details
 Last quarter, Ixia notched revenue of $109.6 million. GAAP reported sales were 42% higher than the prior-year quarter's $77.3 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 $0.20. GAAP EPS of $0.15 for Q3 were 67% higher than the prior-year quarter's $0.09 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 78.8%, 80 basis points worse than the prior-year quarter. Operating margin was 8.1%, 300 basis points worse than the prior-year quarter. Net margin was 10.4%, 210 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $411.6 million. The average EPS estimate is $0.75.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 69 members out of 80 rating the stock outperform, and 11 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Ixia a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ixia is outperform, with an average price target of $16.75.

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