Cray (Nasdaq: CRAY) is expected to report Q4 earnings on Feb. 15. 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 Cray's revenues will grow 104.9% and EPS will drop -40.0%.

The average estimate for revenue is $187.6 million. On the bottom line, the average EPS estimate is $0.51.

Revenue details
Last quarter, Cray reported revenue of $35.7 million. GAAP reported sales were 2.6% lower than the prior-year quarter's $36.7 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, EPS came in at -$0.14. GAAP EPS were -$0.14 for Q3 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 48.5%, 410 basis points better than the prior-year quarter. Operating margin was -22.3%, 930 basis points better than the prior-year quarter. Net margin was -14.4%, 1,890 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $419.8 million. The average EPS estimate is $0.79.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 147 members out of 178 rating the stock outperform, and 31 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Cray a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cray is outperform, with an average price target of $14.63.

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