Nordstrom (NYSE: JWN) is expected to report Q1 earnings on May 16. 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 Nordstrom's revenues will increase 8.0% and EPS will grow 8.6%.

The average estimate for revenue is $2.74 billion. On the bottom line, the average EPS estimate is $0.76.

Revenue details
Last quarter, Nordstrom chalked up revenue of $3.60 billion. GAAP reported sales were 13% higher than the prior-year quarter's $3.27 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, EPS came in at $1.40. GAAP EPS of $1.40 for Q4 were 26% higher than the prior-year quarter's $1.11 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 39.5%, 50 basis points better than the prior-year quarter. Operating margin was 13.3%, 10 basis points worse than the prior-year quarter. Net margin was 7.7%, 50 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $12.59 billion. The average EPS estimate is $3.80.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 527 members out of 668 rating the stock outperform, and 141 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Nordstrom a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordstrom is outperform, with an average price target of $59.64.

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