Polycom (Nasdaq: PLCM) is expected to report Q1 earnings on April 23. 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 Polycom's revenues will wane -8.5% and EPS will shrink -50.0%.

The average estimate for revenue is $336.3 million. On the bottom line, the average EPS estimate is $0.11.

Revenue details
Last quarter, Polycom booked revenue of $353.0 million. GAAP reported sales were 8.6% lower than the prior-year quarter's $386.2 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 of $0.01 for Q4 were 96% lower than the prior-year quarter's $0.27 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 58.6%, 200 basis points worse than the prior-year quarter. Operating margin was 2.0%, 990 basis points worse than the prior-year quarter. Net margin was 0.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.45 billion. The average EPS estimate is $0.67.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 201 members out of 222 rating the stock outperform, and 21 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Polycom a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polycom is hold, with an average price target of $10.58.

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