Fossil (Nasdaq: FOSL) is expected to report Q1 earnings on May 7. 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 Fossil's revenues will grow 10.6% and EPS will increase 4.3%.

The average estimate for revenue is $651.9 million. On the bottom line, the average EPS estimate is $0.97.

Revenue details
Last quarter, Fossil logged revenue of $947.7 million. GAAP reported sales were 14% higher than the prior-year quarter's $830.8 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 $2.27. GAAP EPS of $2.51 for Q4 were 34% higher than the prior-year quarter's $1.87 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 56.9%, 80 basis points better than the prior-year quarter. Operating margin was 22.4%, 130 basis points better than the prior-year quarter. Net margin was 15.9%, 170 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.16 billion. The average EPS estimate is $6.09.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 516 members out of 582 rating the stock outperform, and 66 members rating it underperform. Among 170 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give Fossil a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fossil is outperform, with an average price target of $98.69.

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