Netflix (Nasdaq: NFLX) is expected to report Q1 earnings on April 22. 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 Netflix's revenues will grow 17.0% and EPS will turn positive

The average estimate for revenue is $1.02 billion. On the bottom line, the average EPS estimate is $0.20.

Revenue details
Last quarter, Netflix logged revenue of $945.2 million. GAAP reported sales were 8.0% higher than the prior-year quarter's $875.6 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 $0.13. GAAP EPS of $0.13 for Q4 were 80% lower than the prior-year quarter's $0.64 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 26.4%, 790 basis points worse than the prior-year quarter. Operating margin was 2.1%, 600 basis points worse than the prior-year quarter. Net margin was 0.8%, 320 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.28 billion. The average EPS estimate is $1.22.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 7,748 members out of 9,682 rating the stock outperform, and 1,934 members rating it underperform. Among 2,883 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 2,633 give Netflix a green thumbs-up, and 250 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Netflix is hold, with an average price target of $66.41.

Is Netflix the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.