Clearwire (Nasdaq: CLWR) is expected to report Q1 earnings on April 25. 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 Clearwire's revenues will contract -3.6% and EPS will remain in the red.

The average estimate for revenue is $311.0 million. On the bottom line, the average EPS estimate is -$0.26.

Revenue details
Last quarter, Clearwire tallied revenue of $311.2 million. GAAP reported sales were 14% lower than the prior-year quarter's $361.9 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, non-GAAP EPS came in at -$0.13. GAAP EPS were -$0.29 for Q4 compared to -$2.23 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 40.4%, much worse than the prior-year quarter. Operating margin was -93.2%, much worse than the prior-year quarter. Net margin was -60.1%, 540 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.30 billion. The average EPS estimate is -$0.95.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 573 members out of 684 rating the stock outperform, and 111 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Clearwire a green thumbs-up, and 31 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clearwire is hold, with an average price target of $2.83.

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