Whole Foods Market (Nasdaq: WFM) is expected to report Q2 earnings on May 7. 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 Whole Foods Market's revenues will expand 13.5% and EPS will grow 14.1%.

The average estimate for revenue is $3.03 billion. On the bottom line, the average EPS estimate is $0.73.

Revenue details
 Last quarter, Whole Foods Market reported revenue of $3.86 billion. GAAP reported sales were 14% higher than the prior-year quarter's $3.39 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, EPS came in at $0.78. GAAP EPS of $0.78 for Q1 were 20% higher than the prior-year quarter's $0.65 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 35.0%, 30 basis points better than the prior-year quarter. Operating margin was 6.2%, 50 basis points better than the prior-year quarter. Net margin was 3.8%, 30 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $13.05 billion. The average EPS estimate is $2.87.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,661 members out of 5,226 rating the stock outperform, and 565 members rating it underperform. Among 1,546 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,449 give Whole Foods Market a green thumbs-up, and 97 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Whole Foods Market is outperform, with an average price target of $103.71.

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