Phoenix New Media (NYSE: FENG) is expected to report Q4 earnings on March 6. 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 Phoenix New Media's revenues will wane -1.0% and EPS will decrease -57.1%.

The average estimate for revenue is $44.0 million. On the bottom line, the average EPS estimate is $0.03.

Revenue details
 Last quarter, Phoenix New Media recorded revenue of $45.9 million. GAAP reported sales were 7.4% higher than the prior-year quarter's $42.4 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 of $0.02 for Q3 were 82% lower than the prior-year quarter's $0.11 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 44.2%, 540 basis points worse than the prior-year quarter. Operating margin was 1.3%, much worse than the prior-year quarter. Net margin was 4.0%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $173.7 million. The average EPS estimate is $0.20.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with six members out of 15 rating the stock outperform, and nine members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Phoenix New Media a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Phoenix New Media is outperform, with an average price target of $5.28.

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