EMC (NYSE: EMC) is expected to report Q1 earnings on April 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 EMC's revenues will grow 6.5% and EPS will grow 8.1%.

The average estimate for revenue is $5.42 billion. On the bottom line, the average EPS estimate is $0.40.

Revenue details
Last quarter, EMC recorded revenue of $6.03 billion. GAAP reported sales were 8.2% higher than the prior-year quarter's $5.57 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 $0.54. GAAP EPS of $0.39 for Q4 were 2.6% higher than the prior-year quarter's $0.38 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 64.1%, 90 basis points better than the prior-year quarter. Operating margin was 21.1%, 20 basis points better than the prior-year quarter. Net margin was 14.4%, 50 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $23.47 billion. The average EPS estimate is $1.86.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,719 members out of 3,856 rating the stock outperform, and 137 members rating it underperform. Among 689 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 672 give EMC a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EMC is outperform, with an average price target of $30.28.

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