Seagate Technology Public (Nasdaq: STX) is expected to report Q3 earnings on May 1. 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 Seagate Technology Public's revenues will compress -23.9% and EPS will wither -56.1%.

The average estimate for revenue is $3.39 billion. On the bottom line, the average EPS estimate is $1.16.

Revenue details
 Last quarter, Seagate Technology Public logged revenue of $3.67 billion. GAAP reported sales were 15% higher than the prior-year quarter's $3.20 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 $1.38. GAAP EPS of $1.30 for Q2 were 1.6% higher than the prior-year quarter's $1.28 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 27.0%, 460 basis points worse than the prior-year quarter. Operating margin was 15.2%, 380 basis points worse than the prior-year quarter. Net margin was 13.4%, 420 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $14.15 billion. The average EPS estimate is $5.22.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,205 members out of 1,308 rating the stock outperform, and 103 members rating it underperform. Among 362 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 343 give Seagate Technology Public a green thumbs-up, and 19 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seagate Technology Public is hold, with an average price target of $30.02.

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