Aéropostale (NYSE: ARO) is expected to report Q1 earnings around May 23. 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 Aéropostale's revenues will decrease -10.4% and EPS will shrink to a loss.

The average estimate for revenue is $445.6 million. On the bottom line, the average EPS estimate is -$0.17.

Revenue details
 Last quarter, Aéropostale booked revenue of $797.7 million. GAAP reported sales were 1.3% lower than the prior-year quarter's $808.4 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 $0.24. GAAP EPS were -$0.01 for Q4 compared to $0.32 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 44.4%, 130 basis points worse than the prior-year quarter. Operating margin was 4.1%, 290 basis points worse than the prior-year quarter. Net margin was -0.1%, 330 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.37 billion. The average EPS estimate is $0.50.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 892 members out of 961 rating the stock outperform, and 69 members rating it underperform. Among 250 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 238 give Aéropostale a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aéropostale is hold, with an average price target of $15.00.

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