L Brands (NYSE: LTD) is expected to report Q1 earnings on May 22. 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 L Brands's revenues will expand 4.7% and EPS will expand 12.2%.

The average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is $0.46.

Revenue details
Last quarter, L Brands booked revenue of $3.86 billion. GAAP reported sales were 9.7% higher than the prior-year quarter's $3.52 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 $1.76. GAAP EPS of $1.39 for Q4 were 20% higher than the prior-year quarter's $1.16 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 60.2%, 70 basis points better than the prior-year quarter. Operating margin was 23.5%, 350 basis points worse than the prior-year quarter. Net margin was 10.7%, 50 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.94 billion. The average EPS estimate is $3.15.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 564 members out of 661 rating the stock outperform, and 97 members rating it underperform. Among 228 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 215 give L Brands a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on L Brands is outperform, with an average price target of $52.27.

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