Panhandle Oil and Gas (NYSE: PHX) is expected to report Q1 earnings around Dec. 16. 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 Panhandle Oil and Gas's revenues will drop -21.1% and EPS will compress -58.5%.

The average estimate for revenue is $10.6 million. On the bottom line, the average EPS estimate is $0.17.

Revenue details
 Last quarter, Panhandle Oil and Gas chalked up revenue of $11.0 million. GAAP reported sales were 6.2% lower than the prior-year quarter's $11.8 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 $0.02. GAAP EPS of $0.02 for Q4 were 94% lower than the prior-year quarter's $0.32 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 73.3%, 650 basis points worse than the prior-year quarter. Operating margin was 4.4%, 2,510 basis points worse than the prior-year quarter. Net margin was 1.7%, 2,080 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $45.1 million. The average EPS estimate is $0.88.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 231 members out of 236 rating the stock outperform, and five members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Panhandle Oil and Gas a green thumbs-up, and one give it a red thumbs-down.

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