Mitcham Industries (Nasdaq: MIND) is expected to report Q4 earnings on April 3. 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 Mitcham Industries's revenues will drop -21.4% and EPS will drop -49.4%.

The average estimate for revenue is $29.1 million. On the bottom line, the average EPS estimate is $0.39.

Revenue details
 Last quarter, Mitcham Industries booked revenue of $18.6 million. GAAP reported sales were 34% lower than the prior-year quarter's $28.0 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 -$0.10. GAAP EPS were -$0.10 for Q3 against $0.52 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 23.4%, much worse than the prior-year quarter. Operating margin was -10.0%, much worse than the prior-year quarter. Net margin was -6.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $105.4 million. The average EPS estimate is $1.03.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 336 members out of 343 rating the stock outperform, and seven members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Mitcham Industries a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mitcham Industries is outperform, with an average price target of $21.00.

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