Evolution Petroleum (AMEX: EPM) is expected to report Q4 earnings around Sep. 7. 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 Evolution Petroleum's revenues will increase 44.8% and EPS will expand 100.0%.

The average estimate for revenue is $4.6 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Evolution Petroleum recorded revenue of $4.8 million. GAAP reported sales were much higher than the prior-year quarter's $2.0 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 $0.04. GAAP EPS of $0.04 for Q3 were 300% higher than the prior-year quarter's $0.01 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 86.0%, 140 basis points better than the prior-year quarter. Operating margin was 46.9%, 3,710 basis points better than the prior-year quarter. Net margin was 30.3%, 2,190 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $18.0 million. The average EPS estimate is $0.17.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 223 members out of 232 rating the stock outperform, and nine members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Evolution Petroleum 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 Evolution Petroleum is buy, with an average price target of $12.00.

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