Hormel Foods (NYSE: HRL) is expected to report Q2 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 Hormel Foods's revenues will grow 8.6% and EPS will expand 2.1%.

The average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $0.49.

Revenue details
 Last quarter, Hormel Foods reported revenue of $2.12 billion. GAAP reported sales were 3.8% higher than the prior-year quarter's $2.04 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 $0.48. GAAP EPS of $0.48 were the same as the prior-year quarter.

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 16.3%, 20 basis points worse than the prior-year quarter. Operating margin was 8.9%, 20 basis points worse than the prior-year quarter. Net margin was 6.1%, 20 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.81 billion. The average EPS estimate is $2.00.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 290 members out of 306 rating the stock outperform, and 16 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Hormel Foods a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hormel Foods is hold, with an average price target of $32.13.

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