Whiting Petroleum (NYSE: WLL) is expected to report Q1 earnings on April 24. 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 Whiting Petroleum's revenues will expand 4.5% and EPS will drop -13.6%.

The average estimate for revenue is $589.1 million. On the bottom line, the average EPS estimate is $0.89.

Revenue details
Last quarter, Whiting Petroleum recorded revenue of $577.1 million. GAAP reported sales were 15% higher than the prior-year quarter's $492.0 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 $0.83. GAAP EPS of $0.69 for Q4 were 30% higher than the prior-year quarter's $0.53 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 75.0%, 30 basis points worse than the prior-year quarter. Operating margin was 25.8%, 430 basis points better than the prior-year quarter. Net margin was 14.5%, 170 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.53 billion. The average EPS estimate is $3.79.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 692 members out of 713 rating the stock outperform, and 21 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Whiting Petroleum a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Whiting Petroleum is outperform, with an average price target of $60.00.

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