Spirit AeroSystems Holdings (NYSE: SPR) 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 Spirit AeroSystems Holdings's revenues will grow 11.2% and EPS will drop -7.7%.

The average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $0.48.

Revenue details
Last quarter, Spirit AeroSystems Holdings booked revenue of $1.43 billion. GAAP reported sales were 17% higher than the prior-year quarter's $1.22 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 $0.77. GAAP EPS of $0.43 for Q4 were 2.4% higher than the prior-year quarter's $0.42 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 12.9%, 20 basis points better than the prior-year quarter. Operating margin was 8.8%, 20 basis points better than the prior-year quarter. Net margin was 4.3%, 70 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.98 billion. The average EPS estimate is $2.12.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 311 members out of 326 rating the stock outperform, and 15 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Spirit AeroSystems Holdings a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spirit AeroSystems Holdings is outperform, with an average price target of $20.59.

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