Glu Mobile (Nasdaq: GLUU) is expected to report Q1 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 Glu Mobile's revenues will contract -16.5% and EPS will remain in the red.

The average estimate for revenue is $18.0 million. On the bottom line, the average EPS estimate is -$0.13.

Revenue details
Last quarter, Glu Mobile logged revenue of $20.8 million. GAAP reported sales were 38% higher than the prior-year quarter's $15.2 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, EPS came in at -$0.11. GAAP EPS were -$0.11 for Q4 versus -$0.16 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 90.2%, 720 basis points better than the prior-year quarter. Operating margin was -27.9%, much better than the prior-year quarter. Net margin was -33.7%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $88.8 million. The average EPS estimate is -$0.31.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 202 members out of 233 rating the stock outperform, and 31 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Glu Mobile a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Glu Mobile is outperform, with an average price target of $3.92.

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