Hewlett-Packard (NYSE: HPQ) is expected to report Q4 earnings around Nov. 21. 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 Hewlett-Packard's revenues will shrink -5.1% and EPS will contract -1.7%.

The average estimate for revenue is $30.48 billion. On the bottom line, the average EPS estimate is $1.15.

Revenue details
Last quarter, Hewlett-Packard tallied revenue of $29.67 billion. GAAP reported sales were 4.9% lower than the prior-year quarter's $31.19 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 $1.00. GAAP EPS were -$4.49 for Q3 against $0.93 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 23.1%, 30 basis points worse than the prior-year quarter. Operating margin was 7.3%, 130 basis points worse than the prior-year quarter. Net margin was -29.9%, 3,610 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $121.03 billion. The average EPS estimate is $4.04.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,419 members out of 3,798 rating the stock outperform, and 379 members rating it underperform. Among 770 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 681 give Hewlett-Packard a green thumbs-up, and 89 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hewlett-Packard is hold, with an average price target of $27.73.

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