Sysco (NYSE: SYY) is expected to report Q3 earnings on May 6. 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 Sysco's revenues will increase 5.6% and EPS will drop -10.2%.

The average estimate for revenue is $11.10 billion. On the bottom line, the average EPS estimate is $0.44.

Revenue details
Last quarter, Sysco booked revenue of $10.80 billion. GAAP reported sales were 5.4% higher than the prior-year quarter's $10.24 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 $0.40. GAAP EPS of $0.38 for Q2 were 12% lower than the prior-year quarter's $0.43 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 17.8%, 20 basis points worse than the prior-year quarter. Operating margin was 4.5%, much about the same as the prior-year quarter. Net margin was 2.1%, 30 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $44.69 billion. The average EPS estimate is $1.93.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,257 members out of 1,308 rating the stock outperform, and 51 members rating it underperform. Among 449 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 441 give Sysco a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sysco is hold, with an average price target of $30.90.

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