PPL (NYSE: PPL) is expected to report Q1 earnings on May 2. 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 PPL's revenues will decrease -15.8% and EPS will wane -1.4%.

The average estimate for revenue is $3.46 billion. On the bottom line, the average EPS estimate is $0.69.

Revenue details
Last quarter, PPL reported revenue of $3.22 billion. GAAP reported sales were 24% lower than the prior-year quarter's $4.22 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 $0.49. GAAP EPS of $0.60 for Q4 were 23% lower than the prior-year quarter's $0.78 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 37.9%, 670 basis points better than the prior-year quarter. Operating margin was 26.0%, 260 basis points better than the prior-year quarter. Net margin was 11.1%, 30 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.97 billion. The average EPS estimate is $2.41.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 412 members out of 426 rating the stock outperform, and 14 members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give PPL 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 PPL is hold, with an average price target of $30.75.

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