Kellogg (NYSE: K) 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 Kellogg's revenues will increase 14.7% and EPS will grow 8.4%.

The average estimate for revenue is $3.95 billion. On the bottom line, the average EPS estimate is $1.03.

Revenue details
Last quarter, Kellogg tallied revenue of $3.56 billion. GAAP reported sales were 18% higher than the prior-year quarter's $3.02 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 $0.67. GAAP EPS were $0.02 for Q4 compared to -$0.37 per share for the prior-year quarter.

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 34.9%, 350 basis points better than the prior-year quarter. Operating margin was 3.5%, 770 basis points better than the prior-year quarter. Net margin was 0.2%, 460 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.25 billion. The average EPS estimate is $3.87.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 870 members out of 954 rating the stock outperform, and 84 members rating it underperform. Among 296 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 279 give Kellogg a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kellogg is hold, with an average price target of $55.95.

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