International Business Machines (NYSE: IBM) is expected to report Q4 earnings on Jan. 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 International Business Machines's revenues will wither -1.2% and EPS will increase 11.5%.

The average estimate for revenue is $29.14 billion. On the bottom line, the average EPS estimate is $5.25.

Revenue details
Last quarter, International Business Machines recorded revenue of $24.75 billion. GAAP reported sales were 5.4% lower than the prior-year quarter's $26.16 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 $3.62. GAAP EPS of $3.33 for Q3 were 4.4% higher than the prior-year quarter's $3.19 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 47.4%, 90 basis points better than the prior-year quarter. Operating margin was 20.9%, 70 basis points better than the prior-year quarter. Net margin was 15.5%, 80 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $104.38 billion. The average EPS estimate is $15.13.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,279 members out of 4,714 rating the stock outperform, and 435 members rating it underperform. Among 1,053 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 995 give International Business Machines a green thumbs-up, and 58 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Business Machines is outperform, with an average price target of $215.57.

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