hhgregg (NYSE: HGG) is expected to report Q1 earnings around Aug. 1. 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 hhgregg's revenues will grow 6.8% and EPS will remain in the red.

The average estimate for revenue is $523.3 million. On the bottom line, the average EPS estimate is -$0.16.

Revenue details
Last quarter, hhgregg reported revenue of $597.6 million. GAAP reported sales were 2.6% lower than the prior-year quarter's $613.8 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 $0.31. GAAP EPS of $0.31 for Q4 were 79% lower than the prior-year quarter's $1.45 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 29.9%, 60 basis points worse than the prior-year quarter. Operating margin was 2.8%, 100 basis points worse than the prior-year quarter. Net margin was 1.7%, 700 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.54 billion. The average EPS estimate is $0.83.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on hhgregg is hold, with an average price target of $7.93.

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