Cognizant Technology Solutions (Nasdaq: CTSH) is expected to report Q1 earnings on May 8. 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 Cognizant Technology Solutions's revenues will grow 17.4% and EPS will increase 17.7%.

The average estimate for revenue is $2.01 billion. On the bottom line, the average EPS estimate is $0.93.

Revenue details
 Last quarter, Cognizant Technology Solutions tallied revenue of $1.95 billion. GAAP reported sales were 17% higher than the prior-year quarter's $1.66 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, EPS came in at $0.92. GAAP EPS of $0.92 for Q4 were 18% higher than the prior-year quarter's $0.78 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 40.9%, 80 basis points worse than the prior-year quarter. Operating margin was 18.3%, 20 basis points worse than the prior-year quarter. Net margin was 14.3%, 10 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.63 billion. The average EPS estimate is $4.04.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,063 members out of 1,113 rating the stock outperform, and 50 members rating it underperform. Among 271 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 260 give Cognizant Technology Solutions a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cognizant Technology Solutions is outperform, with an average price target of $76.33.

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