PolyOne (NYSE: POL) is expected to report Q1 earnings on May 1. 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 PolyOne's revenues will grow 3.5% and EPS will decrease -10.3%.

The average estimate for revenue is $808.1 million. On the bottom line, the average EPS estimate is $0.26.

Revenue details
 Last quarter, PolyOne notched revenue of $679.4 million. GAAP reported sales were 6.1% higher than the prior-year quarter's $640.4 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 $0.21. GAAP EPS of $0.03 for Q4 were 77% lower than the prior-year quarter's $0.13 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 20.5%, 390 basis points better than the prior-year quarter. Operating margin was 2.0%, 900 basis points better than the prior-year quarter. Net margin was 0.5%, 140 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.94 billion. The average EPS estimate is $1.20.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 170 members out of 185 rating the stock outperform, and 15 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give PolyOne a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PolyOne is outperform, with an average price target of $22.67.

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