C&J Energy Services (NYSE: CJES) is expected to report Q1 earnings on May 1. 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 C&J Energy Services's revenues will expand 20.4% and EPS will decrease -40.2%.

The average estimate for revenue is $287.8 million. On the bottom line, the average EPS estimate is $0.55.

Revenue details
Last quarter, C&J Energy Services booked revenue of $286.3 million. GAAP reported sales were 30% higher than the prior-year quarter's $220.1 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 $0.65. GAAP EPS of $0.55 for Q4 were 45% lower than the prior-year quarter's $1.00 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 36.7%, 930 basis points worse than the prior-year quarter. Operating margin was 19.4%, much worse than the prior-year quarter. Net margin was 10.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.22 billion. The average EPS estimate is $2.34.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 220 members out of 225 rating the stock outperform, and five members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give C&J Energy Services 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 C&J Energy Services is outperform, with an average price target of $24.29.

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