Legg Mason (NYSE: LM) is expected to report Q4 earnings on April 30. 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 Legg Mason's revenues will decrease -0.4% and EPS will expand 16.7%.

The average estimate for revenue is $645.7 million. On the bottom line, the average EPS estimate is $0.63.

Revenue details
Last quarter, Legg Mason recorded revenue of $673.9 million. GAAP reported sales were 7.5% higher than the prior-year quarter's $627.0 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 $0.70. GAAP EPS were -$3.45 for Q3 compared to $0.20 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 33.3%, 250 basis points worse than the prior-year quarter. Operating margin was 15.3%, 30 basis points better than the prior-year quarter. Net margin was -67.3%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.59 billion. The average EPS estimate is $2.65.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 797 members out of 874 rating the stock outperform, and 77 members rating it underperform. Among 320 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 300 give Legg Mason a green thumbs-up, and 20 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Legg Mason is hold, with an average price target of $26.93.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.