ConAgra Foods (NYSE: CAG) is expected to report Q4 earnings around June 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 ConAgra Foods's revenues will grow 35.0% and EPS will grow 15.7%.

The average estimate for revenue is $4.61 billion. On the bottom line, the average EPS estimate is $0.59.

Revenue details
 Last quarter, ConAgra Foods reported revenue of $3.85 billion. GAAP reported sales were 13% higher than the prior-year quarter's $3.40 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 $0.55. GAAP EPS of $0.29 for Q3 were 57% lower than the prior-year quarter's $0.67 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 23.1%, 10 basis points worse than the prior-year quarter. Operating margin was 9.7%, 330 basis points worse than the prior-year quarter. Net margin was 3.1%, 510 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.68 billion. The average EPS estimate is $2.15.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 623 members out of 692 rating the stock outperform, and 69 members rating it underperform. Among 199 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give ConAgra Foods a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ConAgra Foods is outperform, with an average price target of $35.92.

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