Applied Materials (Nasdaq: AMAT) is expected to report Q1 earnings on Feb. 13. 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 Applied Materials's revenues will wane -29.2% and EPS will shrink -83.3%.

The average estimate for revenue is $1.55 billion. On the bottom line, the average EPS estimate is $0.03.

Revenue details
 Last quarter, Applied Materials booked revenue of $1.65 billion. GAAP reported sales were 25% lower than the prior-year quarter's $2.18 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 $0.06. GAAP EPS were -$0.42 for Q4 versus $0.35 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 36.5%, 250 basis points worse than the prior-year quarter. Operating margin was -1.5%, 1,850 basis points worse than the prior-year quarter. Net margin was -31.3%, 5,220 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $7.75 billion. The average EPS estimate is $0.59.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,016 members out of 2,132 rating the stock outperform, and 116 members rating it underperform. Among 478 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 456 give Applied Materials a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Applied Materials is outperform, with an average price target of $12.97.

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