Pilgrim's Pride (Nasdaq: PPC) is expected to report Q1 earnings around 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 Pilgrim's Pride's revenues will expand 7.0% and EPS will increase 5.3%.

The average estimate for revenue is $2.02 billion. On the bottom line, the average EPS estimate is $0.20.

Revenue details
 Last quarter, Pilgrim's Pride reported revenue of $2.19 billion. GAAP reported sales were 20% higher than the prior-year quarter's $1.83 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 $0.10. GAAP EPS were $0.09 for Q4 versus -$0.40 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 3.4%, 240 basis points better than the prior-year quarter. Operating margin was 1.3%, 300 basis points better than the prior-year quarter. Net margin was 1.0%, 570 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.08 billion. The average EPS estimate is $1.20.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 135 members out of 210 rating the stock outperform, and 75 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Pilgrim's Pride a green thumbs-up, and 26 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pilgrim's Pride is hold, with an average price target of $7.77.

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