Western Gas Partners (NYSE: WES) is expected to report Q1 earnings around April 19. 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 Western Gas Partners's revenues will expand 18.0% and EPS will compress -22.9%.

The average estimate for revenue is $250.5 million. On the bottom line, the average EPS estimate is $0.37.

Revenue details
Last quarter, Western Gas Partners reported revenue of $212.8 million. GAAP reported sales were 1.1% lower than the prior-year quarter's $215.2 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 -$0.27. GAAP EPS were -$0.27 for Q4 against $0.35 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 45.7%, 50 basis points better than the prior-year quarter. Operating margin was 0.1%, much worse than the prior-year quarter. Net margin was -8.0%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.09 billion. The average EPS estimate is $1.61.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 235 members out of 242 rating the stock outperform, and seven members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Western Gas Partners 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 Western Gas Partners is outperform, with an average price target of $54.30.

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