Micron Technology (Nasdaq: MU) is expected to report Q4 earnings around Sep. 28. 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 Micron Technology's revenues will grow 0.0% and EPS will remain in the red.

The average estimate for revenue is $2.14 billion. On the bottom line, the average EPS estimate is -$0.21.

Revenue details
 Last quarter, Micron Technology recorded revenue of $2.17 billion. GAAP reported sales were 1.5% higher than the prior-year quarter's $2.14 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, EPS came in at -$0.32. GAAP EPS were -$0.32 for Q3 compared to $0.07 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 10.8%, 1,150 basis points worse than the prior-year quarter. Operating margin was -7.8%, 1,600 basis points worse than the prior-year quarter. Net margin was -14.7%, 1,820 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.41 billion. The average EPS estimate is -$0.97.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,152 members out of 1,291 rating the stock outperform, and 139 members rating it underperform. Among 213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Micron Technology a green thumbs-up, and 29 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micron Technology is outperform, with an average price target of $10.45.

Is Micron Technology the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.