ANN INC (NYSE: ANN) is expected to report Q1 earnings around May 31. 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 ANN INC's revenues will grow 2.6% and EPS will shrink -24.1%.

The average estimate for revenue is $575.2 million. On the bottom line, the average EPS estimate is $0.44.

Revenue details
Last quarter, ANN INC logged revenue of $607.7 million. GAAP reported sales were 7.2% higher than the prior-year quarter's $566.7 million.

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 $0.05. GAAP EPS of $0.05 for Q4 were 25% higher than the prior-year quarter's $0.04 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 64.9%, 40 basis points better than the prior-year quarter. Operating margin was 0.3%, 120 basis points worse than the prior-year quarter. Net margin was 0.4%, much about the same as the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.52 billion. The average EPS estimate is $2.20.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 185 members out of 265 rating the stock outperform, and 80 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give ANN INC a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ANN INC is outperform, with an average price target of $39.79.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.