Williams Companies (NYSE: WMB) 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 Williams Companies's revenues will grow 0.6% and EPS will wither -38.5%.

The average estimate for revenue is $2.03 billion. On the bottom line, the average EPS estimate is $0.24.

Revenue details
 Last quarter, Williams Companies recorded revenue of $1.87 billion. GAAP reported sales were 11% lower than the prior-year quarter's $2.10 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 $0.25. GAAP EPS were $0.22 for Q4 compared to -$0.74 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 68.1%, 720 basis points better than the prior-year quarter. Operating margin was 21.4%, 190 basis points worse than the prior-year quarter. Net margin was 8.0%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.05 billion. The average EPS estimate is $1.00.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 524 members out of 546 rating the stock outperform, and 22 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 114 give Williams Companies a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Williams Companies is outperform, with an average price target of $39.00.

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