Hormel Foods (NYSE: HRL) is expected to report Q1 earnings on Feb. 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 Hormel Foods's revenues will grow 4.3% and EPS will expand 2.1%.

The average estimate for revenue is $2.13 billion. On the bottom line, the average EPS estimate is $0.49.

Revenue details
Last quarter, Hormel Foods notched revenue of $2.17 billion. GAAP reported sales were 3.2% higher than the prior-year quarter's $2.10 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, EPS came in at $0.49. GAAP EPS of $0.49 for Q4 were 14% higher than the prior-year quarter's $0.43 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 16.2%, 20 basis points better than the prior-year quarter. Operating margin was 8.9%, 40 basis points better than the prior-year quarter. Net margin was 6.1%, 50 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.69 billion. The average EPS estimate is $1.96.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 289 members out of 303 rating the stock outperform, and 14 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Hormel Foods a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hormel Foods is hold, with an average price target of $29.63.

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