Xerox (NYSE: XRX) is expected to report Q1 earnings on April 23. 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 Xerox's revenues will wane -0.2% and EPS will expand 4.3%.

The average estimate for revenue is $5.49 billion. On the bottom line, the average EPS estimate is $0.24.

Revenue details
Last quarter, Xerox booked revenue of $5.92 billion. GAAP reported sales were 0.7% lower than the prior-year quarter's $5.96 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 $0.30. GAAP EPS of $0.25 for Q4 were 7.4% lower than the prior-year quarter's $0.27 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 31.5%, 70 basis points worse than the prior-year quarter. Operating margin was 9.0%, 50 basis points better than the prior-year quarter. Net margin was 5.7%, 60 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $22.57 billion. The average EPS estimate is $1.12.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 585 members out of 659 rating the stock outperform, and 74 members rating it underperform. Among 169 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 give Xerox a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xerox is hold, with an average price target of $7.73.

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