Kodiak Oil & Gas (NYSE: KOG) is expected to report Q2 earnings on Aug. 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 Kodiak Oil & Gas's revenues will grow 112.5% and EPS will increase 40.0%.

The average estimate for revenue is $182.3 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
Last quarter, Kodiak Oil & Gas booked revenue of $165.1 million. GAAP reported sales were much higher than the prior-year quarter's $79.9 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 $0.11. GAAP EPS of $0.07 for Q1 were much higher than the prior-year quarter's $0.01 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 78.2%, 20 basis points worse than the prior-year quarter. Operating margin was 27.6%, much better than the prior-year quarter. Net margin was 11.8%, 960 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $894.6 million. The average EPS estimate is $0.68.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 813 members out of 843 rating the stock outperform, and 30 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Kodiak Oil & Gas a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kodiak Oil & Gas is outperform, with an average price target of $10.91.

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