PetroQuest Energy (NYSE: PQ) is expected to report Q3 earnings on Nov. 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 PetroQuest Energy's revenues will drop -5.6% and EPS will compress -66.7%.

The average estimate for revenue is $36.8 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
Last quarter, PetroQuest Energy tallied revenue of $33.4 million. GAAP reported sales were 20% lower than the prior-year quarter's $42.0 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, non-GAAP EPS came in at -$0.02. GAAP EPS were -$0.87 for Q2 compared to -$0.05 per share for 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 78.5%, 150 basis points better than the prior-year quarter. Operating margin was 10.8%, 2,000 basis points worse than the prior-year quarter. Net margin was -159.3%, 15,510 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $148.6 million. The average EPS estimate is $0.07.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 433 members out of 462 rating the stock outperform, and 29 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give PetroQuest Energy a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $7.89.

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