Infinera (Nasdaq: INFN) is expected to report Q1 earnings on April 24. 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 Infinera's revenues will increase 14.3% and EPS will remain in the red.

The average estimate for revenue is $119.6 million. On the bottom line, the average EPS estimate is -$0.07.

Revenue details
Last quarter, Infinera booked revenue of $128.1 million. GAAP reported sales were 14% higher than the prior-year quarter's $112.0 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 -$0.05. GAAP EPS were -$0.14 for Q4 versus -$0.19 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 33.8%, 610 basis points worse than the prior-year quarter. Operating margin was -12.1%, 490 basis points better than the prior-year quarter. Net margin was -12.6%, 470 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $512.3 million. The average EPS estimate is -$0.10.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,823 members out of 1,861 rating the stock outperform, and 38 members rating it underperform. Among 492 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 488 give Infinera a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Infinera is outperform, with an average price target of $6.35.

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