Kodiak Oil & Gas (NYSE: KOG) is expected to report Q3 earnings on Nov. 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 Kodiak Oil & Gas's revenues will increase 312.0% and EPS will grow 83.3%.

The average estimate for revenue is $121.7 million. On the bottom line, the average EPS estimate is $0.11.

Revenue details
 Last quarter, Kodiak Oil & Gas booked revenue of $85.8 million. GAAP reported sales were much higher than the prior-year quarter's $22.1 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, non-GAAP EPS came in at $0.10. GAAP EPS of $0.35 for Q2 were 338% higher than the prior-year quarter's $0.08 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 79.9%, 10 basis points worse than the prior-year quarter. Operating margin was 142.0%, 7,840 basis points better than the prior-year quarter. Net margin was 108.5%, 4,510 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $456.1 million. The average EPS estimate is $0.47.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 788 members out of 829 rating the stock outperform, and 41 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Kodiak Oil & Gas a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kodiak Oil & Gas is outperform, with an average price target of $11.15.

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