PMC-Sierra (Nasdaq: PMCS) 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 PMC-Sierra's revenues will compress -3.2% and EPS will increase 33.3%.

The average estimate for revenue is $127.8 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
 Last quarter, PMC-Sierra notched revenue of $129.4 million. GAAP reported sales were 15% lower than the prior-year quarter's $152.6 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 $0.12. GAAP EPS of $0.04 for Q4 were 60% lower than the prior-year quarter's $0.10 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 71.7%, 310 basis points better than the prior-year quarter. Operating margin was 8.6%, 240 basis points worse than the prior-year quarter. Net margin was 6.1%, 950 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $545.5 million. The average EPS estimate is $0.43.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 212 members out of 231 rating the stock outperform, and 19 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give PMC-Sierra a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PMC-Sierra is hold, with an average price target of $5.75.

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