Brocade Communications Systems (Nasdaq: BRCD) is expected to report Q1 earnings on Feb. 13. 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 Brocade Communications Systems's revenues will grow 2.6% and EPS will drop -20.0%.

The average estimate for revenue is $575.8 million. On the bottom line, the average EPS estimate is $0.16.

Revenue details
Last quarter, Brocade Communications Systems recorded revenue of $578.4 million. GAAP reported sales were 5.1% higher than the prior-year quarter's $550.5 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 $0.17. GAAP EPS were $0.11 for Q4 versus -$0.01 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 62.4%, 30 basis points better than the prior-year quarter. Operating margin was 14.9%, about the same as the prior-year quarter. Net margin was 9.3%, 1,010 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.31 billion. The average EPS estimate is $0.63.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 723 members out of 768 rating the stock outperform, and 45 members rating it underperform. Among 111 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give Brocade Communications Systems a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brocade Communications Systems is hold, with an average price target of $6.34.

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