Kosmos Energy (NYSE: KOS) is expected to report Q1 earnings around May 8. 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 Kosmos Energy's revenues will expand 107.0% and EPS will turn positive

The average estimate for revenue is $241.3 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
Last quarter, Kosmos Energy chalked up revenue of $219.8 million. GAAP reported sales were 0.1% lower than the prior-year quarter's $220.0 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 $0.09. GAAP EPS of $0.08 for Q4 were 11% lower than the prior-year quarter's $0.09 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 89.4%, 80 basis points better than the prior-year quarter. Operating margin was 38.7%, 520 basis points better than the prior-year quarter. Net margin was 14.4%, 120 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.04 billion. The average EPS estimate is $0.33.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 11 members out of 15 rating the stock outperform, and four members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Kosmos Energy a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kosmos Energy is outperform, with an average price target of $16.05.

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