Home Depot (NYSE: HD) is expected to report Q1 earnings on May 15. 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 Home Depot's revenues will grow 4.6% and EPS will increase 18.5%.

The average estimate for revenue is $18.63 billion. On the bottom line, the average EPS estimate is $0.77.

Revenue details
 Last quarter, Home Depot logged revenue of $18.25 billion. GAAP reported sales were 14% higher than the prior-year quarter's $16.01 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 $0.67. GAAP EPS of $0.68 for Q4 were 36% higher than the prior-year quarter's $0.50 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 34.9%, 10 basis points worse than the prior-year quarter. Operating margin was 9.8%, 130 basis points better than the prior-year quarter. Net margin was 5.6%, 80 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $77.09 billion. The average EPS estimate is $3.57.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,462 members out of 4,395 rating the stock outperform, and 933 members rating it underperform. Among 1,220 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,088 give Home Depot a green thumbs-up, and 132 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Home Depot is outperform, with an average price target of $67.36.

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