Office Depot (NYSE: ODP) is expected to report Q1 earnings on April 30. 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 Office Depot's revenues will wane -4.1% and EPS will compress 0.0%.

The average estimate for revenue is $2.75 billion. On the bottom line, the average EPS estimate is $0.05.

Revenue details
Last quarter, Office Depot logged revenue of $2.62 billion. GAAP reported sales were 12% lower than the prior-year quarter's $2.97 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 $0.00. GAAP EPS were -$0.06 for Q4 against $0.04 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 29.9%, 40 basis points worse than the prior-year quarter. Operating margin was -2.0%, 320 basis points worse than the prior-year quarter. Net margin was -0.3%, 100 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.46 billion. The average EPS estimate is $0.07.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 485 members out of 612 rating the stock outperform, and 127 members rating it underperform. Among 173 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Office Depot a green thumbs-up, and 38 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Office Depot is hold, with an average price target of $3.00.

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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.