Bebe Stores (Nasdaq: BEBE) is expected to report Q1 earnings around Oct. 4. 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 Bebe Stores's revenues will wane -7.3% and EPS will shrink to a loss.

The average estimate for revenue is $117.1 million. On the bottom line, the average EPS estimate is -$0.02.

Revenue details
 Last quarter, Bebe Stores notched revenue of $131.5 million. GAAP reported sales were 0.6% lower than the prior-year quarter's $132.3 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, EPS came in at $0.04. GAAP EPS of $0.04 for Q4 were 33% lower than the prior-year quarter's $0.06 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 40.2%, 90 basis points worse than the prior-year quarter. Operating margin was 4.1%, 210 basis points worse than the prior-year quarter. Net margin was 2.3%, 130 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $518.3 million. The average EPS estimate is $0.12.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 421 members out of 537 rating the stock outperform, and 116 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Bebe Stores 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 Bebe Stores is outperform, with an average price target of $10.40.

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