Mueller Water Products (NYSE: MWA) is expected to report Q1 earnings on Feb. 5. 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 Mueller Water Products's revenues will drop -25.8% and EPS will remain in the red.

The average estimate for revenue is $231.1 million. On the bottom line, the average EPS estimate is -$0.01.

Revenue details
 Last quarter, Mueller Water Products logged revenue of $281.1 million. GAAP reported sales were 9.7% higher than the prior-year quarter's $256.3 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 $0.03. GAAP EPS were $0.02 for Q4 versus -$0.06 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 27.3%, 200 basis points better than the prior-year quarter. Operating margin was 8.1%, 290 basis points better than the prior-year quarter. Net margin was 1.2%, 490 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.09 billion. The average EPS estimate is $0.17.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is hold, with an average price target of $4.00.

The rich are different than you and me: They might not notice the moneymaking stories right under our noses. In our new report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice," we give you three Peter Lynch-inspired buy-what-you-know stocks for the 99%. Click here for instant access to this free report.