News (Nasdaq: NWSA) is expected to report Q4 earnings around Aug. 4. 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 News' revenues will wane -2.5% and EPS will compress -11.1%.

The average estimate for revenue is $8.74 billion. On the bottom line, the average EPS estimate is $0.32.

Revenue details
Last quarter, News chalked up revenue of $8.40 billion. GAAP reported sales were 1.8% higher than the prior-year quarter's $8.26 billion.

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 $0.37. GAAP EPS of $0.38 for Q3 were 58% higher than the prior-year quarter's $0.24 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 37.9%, 240 basis points better than the prior-year quarter. Operating margin was 15.6%, 120 basis points better than the prior-year quarter. Net margin was 11.2%, 350 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $34.07 billion. The average EPS estimate is $1.40.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 113 members out of 137 rating the stock outperform, and 24 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give News a green thumbs-up, and eight give it a red thumbs-down.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.