Gulfport Energy (Nasdaq: GPOR) is expected to report Q1 earnings around May 3. 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 Gulfport Energy's revenues will drop -11.1% and EPS will drop -70.8%.

The average estimate for revenue is $58.2 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
 Last quarter, Gulfport Energy logged revenue of $56.5 million. GAAP reported sales were 18% lower than the prior-year quarter's $68.9 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 $0.34. GAAP EPS of $0.28 for Q4 were 53% lower than the prior-year quarter's $0.59 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 76.9%, 330 basis points worse than the prior-year quarter. Operating margin was 32.8%, much worse than the prior-year quarter. Net margin was 28.1%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $502.0 million. The average EPS estimate is $0.91.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfport Energy is buy, with an average price target of $48.42.

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