Standard Pacific (NYSE: SPF) 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 Standard Pacific's revenues will increase 58.6% and EPS will grow from $0.00 per share the prior year.

The average estimate for revenue is $354.8 million. On the bottom line, the average EPS estimate is $0.05.

Revenue details
 Last quarter, Standard Pacific reported revenue of $419.8 million. GAAP reported sales were 44% higher than the prior-year quarter's $296.9 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, non-GAAP EPS came in at $0.08. GAAP EPS of $1.32 for Q4 were much higher than the prior-year quarter's $0.04 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 19.3%, 140 basis points worse than the prior-year quarter. Operating margin was 7.8%, 330 basis points better than the prior-year quarter. Net margin was 114.1%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.87 billion. The average EPS estimate is $0.34.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 371 members out of 617 rating the stock outperform, and 246 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Standard Pacific a green thumbs-up, and 71 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is hold, with an average price target of $6.43.

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