Exar (Nasdaq: EXAR) is expected to report Q1 earnings on July 24. 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 Exar's revenues will increase 9.7% and EPS will grow 166.7%.

The average estimate for revenue is $32.1 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
Last quarter, Exar recorded revenue of $31.2 million. GAAP reported sales were 12% higher than the prior-year quarter's $27.8 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 $0.10. GAAP EPS were $0.03 for Q4 compared to -$0.47 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 52.1%, much better than the prior-year quarter. Operating margin was 3.6%, much better than the prior-year quarter. Net margin was 5.4%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $138.3 million. The average EPS estimate is $0.46.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 73 members out of 79 rating the stock outperform, and six members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Exar 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 Exar is outperform, with an average price target of $11.48.

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