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.

With hundreds of companies out there vying with Panera Bread for shoppers' dollars, strong brands matter, and they can provide growth for even boring, mature companies -- as long as they're the right ones. That's why we've compiled a special report on "3 American Companies Set to Dominate the World." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.