American Eagle Outfitters (NYSE: AEO) 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 American Eagle Outfitters's revenues will compress -5.3% and EPS will wither -18.2%.

The average estimate for revenue is $680.6 million. On the bottom line, the average EPS estimate is $0.18.

Revenue details
Last quarter, American Eagle Outfitters reported revenue of $1.12 billion. GAAP reported sales were 8.6% higher than the prior-year quarter's $1.03 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 $0.55. GAAP EPS of $0.47 for Q4 were 81% higher than the prior-year quarter's $0.26 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 41.2%, 600 basis points better than the prior-year quarter. Operating margin was 16.1%, 410 basis points better than the prior-year quarter. Net margin was 8.5%, 350 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.56 billion. The average EPS estimate is $1.49.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,146 members out of 2,301 rating the stock outperform, and 155 members rating it underperform. Among 695 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 665 give American Eagle Outfitters a green thumbs-up, and 30 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Eagle Outfitters is outperform, with an average price target of $24.61.

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