Advanced Micro Devices (NYSE: AMD) 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 Advanced Micro Devices's revenues will compress -32.0% and EPS will shrink to a loss.

The average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is -$0.19.

Revenue details
Last quarter, Advanced Micro Devices reported revenue of $1.27 billion. GAAP reported sales were 25% lower than the prior-year quarter's $1.69 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 -$0.20. GAAP EPS were -$0.21 for Q3 compared to $0.13 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 30.9%, 1,380 basis points worse than the prior-year quarter. Operating margin was -10.1%, 1,830 basis points worse than the prior-year quarter. Net margin was -12.4%, 1,810 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.42 billion. The average EPS estimate is -$0.19.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,082 members out of 3,759 rating the stock outperform, and 677 members rating it underperform. Among 599 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 463 give Advanced Micro Devices a green thumbs-up, and 136 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Micro Devices is hold, with an average price target of $4.74.

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