Triangle Petroleum (AMEX: TPLM) is expected to report Q3 earnings on Dec. 10. 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 Triangle Petroleum's revenues will grow 483.4% and EPS will decrease -140.0%.

The average estimate for revenue is $20.2 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
 Last quarter, Triangle Petroleum tallied revenue of $10.3 million. GAAP reported sales were much higher than the prior-year quarter's $.6 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 -$0.02. GAAP EPS were -$0.02 for Q2 against -$0.15 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 71.4%, 9,820 basis points better than the prior-year quarter. Operating margin was -12.3%, 101,440 basis points better than the prior-year quarter. Net margin was -9.3%, 100,320 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $66.9 million. The average EPS estimate is $0.00.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 89 members out of 93 rating the stock outperform, and four members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Triangle Petroleum a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triangle Petroleum is outperform, with an average price target of $9.00.

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