Denbury Resources (NYSE: DNR) is expected to report Q1 earnings around May 2. 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 Denbury Resources's revenues will shrink -17.1% and EPS will drop -31.7%.

The average estimate for revenue is $534.5 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
Last quarter, Denbury Resources logged revenue of $609.2 million. GAAP reported sales were 1.5% lower than the prior-year quarter's $612.2 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, non-GAAP EPS came in at $0.36. GAAP EPS of $0.30 for Q4 were 131% higher than the prior-year quarter's $0.13 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 76.6%, 280 basis points worse than the prior-year quarter. Operating margin was 37.4%, much better than the prior-year quarter. Net margin was 19.0%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.42 billion. The average EPS estimate is $1.24.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,102 members out of 1,126 rating the stock outperform, and 24 members rating it underperform. Among 253 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 250 give Denbury Resources a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Denbury Resources is outperform, with an average price target of $21.57.

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