Alcatel-Lucent (NYSE: ALU) is expected to report Q1 earnings on April 26. 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 Alcatel-Lucent's revenues will wither -4.3% and EPS will shrink to a loss.

The average estimate for revenue is $4.09 billion. On the bottom line, the average EPS estimate is -$0.12.

Revenue details
 Last quarter, Alcatel-Lucent notched revenue of $5.40 billion. GAAP reported sales were 0.2% higher than the prior-year quarter's $5.39 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 -$0.70. GAAP EPS were -$0.79 for Q4 compared to $0.44 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 30.4%, 400 basis points worse than the prior-year quarter. Operating margin was 16.7%, 160 basis points better than the prior-year quarter. Net margin was -33.5%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $18.60 billion. The average EPS estimate is -$0.12.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 755 members out of 933 rating the stock outperform, and 178 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Alcatel-Lucent a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alcatel-Lucent is hold, with an average price target of $1.29.

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