Tempur-Pedic International (NYSE: TPX) is expected to report Q1 earnings on May 2. 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 Tempur-Pedic International's revenues will drop -0.8% and EPS will drop -29.1%.

The average estimate for revenue is $381.3 million. On the bottom line, the average EPS estimate is $0.61.

Revenue details
Last quarter, Tempur-Pedic International reported revenue of $341.1 million. GAAP reported sales were 7.0% lower than the prior-year quarter's $366.8 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, non-GAAP EPS came in at $0.60. GAAP EPS of $0.39 for Q4 were 54% lower than the prior-year quarter's $0.84 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 50.0%, 210 basis points worse than the prior-year quarter. Operating margin was 18.6%, 480 basis points worse than the prior-year quarter. Net margin was 6.9%, 850 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.58 billion. The average EPS estimate is $2.88.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 612 members out of 663 rating the stock outperform, and 51 members rating it underperform. Among 198 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 192 give Tempur-Pedic International a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tempur-Pedic International is outperform, with an average price target of $32.57.

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