Xilinx (Nasdaq: XLNX) is expected to report Q1 earnings on July 17. 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 Xilinx's revenues will drop -5.7% and EPS will wane 0.0%.

The average estimate for revenue is $549.3 million. On the bottom line, the average EPS estimate is $0.47.

Revenue details
Last quarter, Xilinx logged revenue of $532.2 million. GAAP reported sales were 4.8% lower than the prior-year quarter's $559.0 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 $0.47. GAAP EPS of $0.48 for Q4 were 6.7% higher than the prior-year quarter's $0.45 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 66.1%, 30 basis points worse than the prior-year quarter. Operating margin was 27.7%, 140 basis points worse than the prior-year quarter. Net margin was 24.5%, 260 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.30 billion. The average EPS estimate is $2.02.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 330 members out of 373 rating the stock outperform, and 43 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give Xilinx a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xilinx is outperform, with an average price target of $38.90.

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