Applied Micro Circuits (Nasdaq: AMCC) is expected to report Q4 earnings on April 25. 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 Applied Micro Circuits's revenues will grow 14.7% and EPS will remain in the red.

The average estimate for revenue is $55.9 million. On the bottom line, the average EPS estimate is -$0.01.

Revenue details
Last quarter, Applied Micro Circuits reported revenue of $51.7 million. GAAP reported sales were 8.3% lower than the prior-year quarter's $56.3 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 -$0.10. GAAP EPS were -$1.08 for Q3 versus -$0.12 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 55.6%, 220 basis points worse than the prior-year quarter. Operating margin was -28.5%, much worse than the prior-year quarter. Net margin was -138.4%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $195.2 million. The average EPS estimate is -$0.45.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 119 members out of 156 rating the stock outperform, and 37 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Applied Micro Circuits a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Applied Micro Circuits is outperform, with an average price target of $8.74.

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