Computer Sciences (NYSE: CSC) is expected to report Q1 earnings on Aug. 6. 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 Computer Sciences's revenues will wane -10.0% and EPS will expand 173.1%.

The average estimate for revenue is $3.56 billion. On the bottom line, the average EPS estimate is $0.71.

Revenue details
Last quarter, Computer Sciences notched revenue of $3.70 billion. GAAP reported sales were 7.2% lower than the prior-year quarter's $3.84 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
Last quarter, non-GAAP EPS came in at $1.28. GAAP EPS were $1.82 for Q4 compared to -$1.03 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
For the preceding quarter, gross margin was 23.9%, 960 basis points better than the prior-year quarter. Operating margin was 8.4%, 840 basis points better than the prior-year quarter. Net margin was 7.9%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $14.28 billion. The average EPS estimate is $3.52.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 243 members out of 283 rating the stock outperform, and 40 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Computer Sciences a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Computer Sciences is hold, with an average price target of $45.12.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.