FedEx (NYSE: FDX) is expected to report Q1 earnings on Sep. 18. 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 FedEx's revenues will increase 1.5% and EPS will wane -4.1%.

The average estimate for revenue is $10.68 billion. On the bottom line, the average EPS estimate is $1.40.

Revenue details
 Last quarter, FedEx notched revenue of $11.00 billion. GAAP reported sales were 4.3% higher than the prior-year quarter's $10.55 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 $1.99. GAAP EPS of $1.74 for Q4 were 0.6% lower than the prior-year quarter's $1.75 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 26.7%, 40 basis points better than the prior-year quarter. Operating margin was 9.0%, 60 basis points better than the prior-year quarter. Net margin was 5.0%, 30 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $44.43 billion. The average EPS estimate is $7.06.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,138 members out of 2,349 rating the stock outperform, and 211 members rating it underperform. Among 690 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 649 give FedEx 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 FedEx is outperform, with an average price target of $107.50.