General Mills (NYSE: GIS) is expected to report Q1 earnings on Sep. 19. 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 General Mills's revenues will expand 6.5% and EPS will shrink -1.6%.

The average estimate for revenue is $4.10 billion. On the bottom line, the average EPS estimate is $0.63.

Revenue details
 Last quarter, General Mills booked revenue of $4.07 billion. GAAP reported sales were 12% higher than the prior-year quarter's $3.63 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, non-GAAP EPS came in at $0.60. GAAP EPS of $0.49 for Q4 were 2.1% higher than the prior-year quarter's $0.48 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 36.8%, 70 basis points worse than the prior-year quarter. Operating margin was 15.7%, 100 basis points better than the prior-year quarter. Net margin was 8.0%, 80 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $17.64 billion. The average EPS estimate is $2.66.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,118 members out of 1,179 rating the stock outperform, and 61 members rating it underperform. Among 308 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 293 give General Mills a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Mills is outperform, with an average price target of $42.06.

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