Best Buy (NYSE: BBY) is expected to report Q1 earnings on May 21. 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 Best Buy's revenues will shrink -8.6% and EPS will contract -63.9%.

The average estimate for revenue is $10.61 billion. On the bottom line, the average EPS estimate is $0.26.

Revenue details
 Last quarter, Best Buy reported revenue of $16.71 billion. GAAP reported sales were 0.2% higher than the prior-year quarter's $16.67 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 $1.64. GAAP EPS were -$1.21 for Q4 compared to -$5.17 per share for the prior-year quarter.

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 22.6%, 60 basis points worse than the prior-year quarter. Operating margin was 5.6%, 130 basis points worse than the prior-year quarter. Net margin was -2.4%, 850 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $47.86 billion. The average EPS estimate is $2.17.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 2,646 members out of 3,452 rating the stock outperform, and 806 members rating it underperform. Among 882 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 693 give Best Buy a green thumbs-up, and 189 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Best Buy is hold, with an average price target of $13.63.

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