Quicksilver Resources (NYSE: KWK) is expected to report Q1 earnings on May 7. 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 Quicksilver Resources's revenues will drop -1.0% and EPS will remain in the red.

The average estimate for revenue is $144.1 million. On the bottom line, the average EPS estimate is -$0.01.

Revenue details
Last quarter, Quicksilver Resources booked revenue of $224.0 million. GAAP reported sales were 23% lower than the prior-year quarter's $221.9 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 $0.05. GAAP EPS were -$5.68 for Q4 against $0.13 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 51.4%, 110 basis points worse than the prior-year quarter. Operating margin was 55.6%, much better than the prior-year quarter. Net margin was -564.0%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $550.4 million. The average EPS estimate is -$0.02.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 814 members out of 846 rating the stock outperform, and 32 members rating it underperform. Among 168 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 158 give Quicksilver Resources a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quicksilver Resources is hold, with an average price target of $4.98.

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