Atwood Oceanics (NYSE: ATW) is expected to report Q1 earnings on Jan. 30. 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 Atwood Oceanics's revenues will grow 26.1% and EPS will compress -7.0%.

The average estimate for revenue is $233.0 million. On the bottom line, the average EPS estimate is $0.93.

Revenue details
Last quarter, Atwood Oceanics reported revenue of $252.5 million. GAAP reported sales were 42% higher than the prior-year quarter's $177.6 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 $1.45. GAAP EPS of $1.45 for Q4 were 31% higher than the prior-year quarter's $1.11 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 59.6%, 560 basis points worse than the prior-year quarter. Operating margin was 45.4%, 540 basis points worse than the prior-year quarter. Net margin was 37.8%, 330 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.02 billion. The average EPS estimate is $4.89.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,360 members out of 2,383 rating the stock outperform, and 23 members rating it underperform. Among 671 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 666 give Atwood Oceanics a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atwood Oceanics is outperform, with an average price target of $53.42.

Is Atwood Oceanics the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.