Carpenter Technology (NYSE: CRS) is expected to report Q1 earnings around Oct. 22. 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 Carpenter Technology's revenues will expand 38.5% and EPS will increase 36.4%.

The average estimate for revenue is $573.4 million. On the bottom line, the average EPS estimate is $0.75.

Revenue details
Last quarter, Carpenter Technology logged revenue of $643.7 million. GAAP reported sales were 33% higher than the prior-year quarter's $483.6 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 $0.88. GAAP EPS of $0.76 for Q4 were 33% higher than the prior-year quarter's $0.57 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 18.7%, 280 basis points better than the prior-year quarter. Operating margin was 10.3%, 260 basis points better than the prior-year quarter. Net margin was 6.4%, 110 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.56 billion. The average EPS estimate is $3.48.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 390 members out of 414 rating the stock outperform, and 24 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Carpenter Technology 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 Carpenter Technology is outperform, with an average price target of $66.86.

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