Panera Bread (Nasdaq: PNRA) is expected to report Q1 earnings on April 23. 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 Panera Bread's revenues will increase 13.5% and EPS will increase 17.9%.

The average estimate for revenue is $566.0 million. On the bottom line, the average EPS estimate is $1.65.

Revenue details
Last quarter, Panera Bread reported revenue of $571.5 million. GAAP reported sales were 15% higher than the prior-year quarter's $495.8 million.

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 $1.75. GAAP EPS of $1.75 for Q4 were 34% higher than the prior-year quarter's $1.31 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 24.3%, 30 basis points better than the prior-year quarter. Operating margin was 14.6%, 100 basis points better than the prior-year quarter. Net margin was 9.0%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.45 billion. The average EPS estimate is $7.08.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,402 members out of 1,554 rating the stock outperform, and 152 members rating it underperform. Among 465 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 438 give Panera Bread a green thumbs-up, and 27 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panera Bread is outperform, with an average price target of $182.86.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Panera Bread. The Motley Fool owns shares of Panera Bread. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.