Diodes (Nasdaq: DIOD) 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 Diodes's revenues will expand 22.0% and EPS will contract -22.2%.

The average estimate for revenue is $176.5 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
Last quarter, Diodes booked revenue of $163.3 million. GAAP reported sales were 14% higher than the prior-year quarter's $143.3 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 $0.13. GAAP EPS of $0.08 for Q4 were 14% higher than the prior-year quarter's $0.07 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 26.5%, 170 basis points better than the prior-year quarter. Operating margin was 2.5%, 90 basis points worse than the prior-year quarter. Net margin was 2.5%, 30 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $838.2 million. The average EPS estimate is $0.95.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 212 members out of 227 rating the stock outperform, and 15 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Diodes a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Diodes is outperform, with an average price target of $22.14.

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