Cavium (Nasdaq: CAVM) is expected to report Q1 earnings on April 30. 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 Cavium's revenues will grow 31.4% and EPS will grow 800.0%.

The average estimate for revenue is $69.3 million. On the bottom line, the average EPS estimate is $0.18.

Revenue details
Last quarter, Cavium logged revenue of $66.4 million. GAAP reported sales were 18% higher than the prior-year quarter's $56.3 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 $0.20. GAAP EPS were -$1.56 for Q4 versus -$0.20 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 62.3%, 420 basis points better than the prior-year quarter. Operating margin was -13.9%, 290 basis points better than the prior-year quarter. Net margin was -118.8%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $309.5 million. The average EPS estimate is $1.00.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 79 members out of 114 rating the stock outperform, and 35 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Cavium a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cavium is outperform, with an average price target of $34.28.

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