Kroger (NYSE: KR) 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 Kroger's revenues will increase 3.8% and EPS will increase 14.1%.

The average estimate for revenue is $30.17 billion. On the bottom line, the average EPS estimate is $0.89.

Revenue details
Last quarter, Kroger reported revenue of $24.15 billion. GAAP reported sales were 13% higher than the prior-year quarter's $21.41 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 $0.88. GAAP EPS were $0.89 for Q4 versus -$0.54 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 23.2%, 10 basis points worse than the prior-year quarter. Operating margin was 3.5%, 530 basis points better than the prior-year quarter. Net margin was 1.9%, 330 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $99.53 billion. The average EPS estimate is $2.75.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 638 members out of 706 rating the stock outperform, and 68 members rating it underperform. Among 183 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give Kroger a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kroger is outperform, with an average price target of $28.11.

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