VMware (NYSE: VMW) 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 VMware's revenues will grow 12.3% and EPS will increase 6.1%.

The average estimate for revenue is $1.19 billion. On the bottom line, the average EPS estimate is $0.70.

Revenue details
Last quarter, VMware logged revenue of $1.29 billion. GAAP reported sales were 22% higher than the prior-year quarter's $1.06 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 $0.81. GAAP EPS of $0.48 for Q4 were 2.1% higher than the prior-year quarter's $0.47 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 85.2%, 90 basis points better than the prior-year quarter. Operating margin was 19.8%, 60 basis points worse than the prior-year quarter. Net margin was 15.9%, 300 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.22 billion. The average EPS estimate is $3.22.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,182 members out of 2,364 rating the stock outperform, and 182 members rating it underperform. Among 465 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 422 give VMware a green thumbs-up, and 43 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VMware is outperform, with an average price target of $107.39.

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