Rite Aid (NYSE: RAD) is expected to report Q1 earnings on June 20. 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 Rite Aid's revenues will drop -2.7% and EPS will turn positive

The average estimate for revenue is $6.29 billion. On the bottom line, the average EPS estimate is $0.09.

Revenue details
Last quarter, Rite Aid reported revenue of $6.46 billion. GAAP reported sales were 9.7% lower than the prior-year quarter's $7.15 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 $0.13. GAAP EPS were $0.12 for Q4 against -$0.19 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 31.7%, 680 basis points better than the prior-year quarter. Operating margin was 5.7%, 540 basis points better than the prior-year quarter. Net margin was 1.9%, 420 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $25.24 billion. The average EPS estimate is $0.20.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 875 members out of 1,047 rating the stock outperform, and 172 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Rite Aid a green thumbs-up, and 41 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rite Aid is outperform, with an average price target of $1.73.

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