NVIDIA (Nasdaq: NVDA) is expected to report Q1 earnings on May 9. 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 NVIDIA's revenues will grow 1.7% and EPS will decrease -6.3%.

The average estimate for revenue is $940.5 million. On the bottom line, the average EPS estimate is $0.15.

Revenue details
Last quarter, NVIDIA reported revenue of $1.11 billion. GAAP reported sales were 16% higher than the prior-year quarter's $953.2 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, non-GAAP EPS came in at $0.35. GAAP EPS of $0.28 for Q4 were 56% higher than the prior-year quarter's $0.18 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 52.9%, 150 basis points better than the prior-year quarter. Operating margin was 16.6%, 160 basis points better than the prior-year quarter. Net margin was 15.7%, 350 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.24 billion. The average EPS estimate is $0.94.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,374 members out of 5,608 rating the stock outperform, and 234 members rating it underperform. Among 1,117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,090 give NVIDIA a green thumbs-up, and 27 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NVIDIA is hold, with an average price target of $15.28.

Is NVIDIA the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.