Rovi (Nasdaq: ROVI) 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 Rovi's revenues will decrease -12.8% and EPS will wither -17.9%.

The average estimate for revenue is $152.6 million. On the bottom line, the average EPS estimate is $0.46.

Revenue details
 Last quarter, Rovi tallied revenue of $157.0 million. GAAP reported sales were 12% lower than the prior-year quarter's $167.4 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 $0.48. GAAP EPS were $0.02 for Q4 against -$0.46 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 89.0%, 20 basis points better than the prior-year quarter. Operating margin was 37.7%, 620 basis points better than the prior-year quarter. Net margin was 1.4%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $646.0 million. The average EPS estimate is $2.07.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 156 members out of 179 rating the stock outperform, and 23 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Rovi a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rovi is outperform, with an average price target of $19.41.

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