Tenaris (NYSE: TS) 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 Tenaris's revenues will expand 4.8% and EPS will shrink -1.3%.

The average estimate for revenue is $2.74 billion. On the bottom line, the average EPS estimate is $0.74.

Revenue details
 Last quarter, Tenaris chalked up revenue of $2.76 billion. GAAP reported sales were 0.3% higher than the prior-year quarter's $2.75 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 $0.61. GAAP EPS of $0.30 for Q4 were 12% lower than the prior-year quarter's $0.34 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 39.4%, 260 basis points better than the prior-year quarter. Operating margin was 21.2%, 160 basis points better than the prior-year quarter. Net margin was 13.0%, 150 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.44 billion. The average EPS estimate is $3.16.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 792 members out of 815 rating the stock outperform, and 23 members rating it underperform. Among 200 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 195 give Tenaris a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenaris is hold, with an average price target of $46.59.

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