GameStop (NYSE: GME) is expected to report Q1 earnings on May 23. 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 GameStop's revenues will drop -8.9% and EPS will wither -25.9%.

The average estimate for revenue is $1.82 billion. On the bottom line, the average EPS estimate is $0.40.

Revenue details
 Last quarter, GameStop notched revenue of $3.56 billion. GAAP reported sales were 0.5% lower than the prior-year quarter's $3.58 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 $2.16. GAAP EPS of $2.15 for Q4 were 69% higher than the prior-year quarter's $1.27 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 27.4%, 100 basis points better than the prior-year quarter. Operating margin was 11.6%, 90 basis points better than the prior-year quarter. Net margin was 7.3%, 240 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.64 billion. The average EPS estimate is $3.08.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 2,824 members out of 3,173 rating the stock outperform, and 349 members rating it underperform. Among 760 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 669 give GameStop a green thumbs-up, and 91 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GameStop is outperform, with an average price target of $27.77.

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