EZchip Semiconductor (Nasdaq: EZCH) is expected to report Q1 earnings on May 8. 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 EZchip Semiconductor's revenues will grow 4.7% and EPS will shrink -14.8%.

The average estimate for revenue is $15.1 million. On the bottom line, the average EPS estimate is $0.23.

Revenue details
 Last quarter, EZchip Semiconductor reported revenue of $15.2 million. GAAP reported sales were 6.6% higher than the prior-year quarter's $14.3 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 $0.26. GAAP EPS were $0.16 for Q4 versus -$0.23 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 83.2%, 690 basis points better than the prior-year quarter. Operating margin was 28.0%, 390 basis points better than the prior-year quarter. Net margin was 31.8%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $69.6 million. The average EPS estimate is $1.12.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 244 members out of 255 rating the stock outperform, and 11 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give EZchip Semiconductor a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EZchip Semiconductor is outperform, with an average price target of $39.00.

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