Energy XXI (Bermuda) (Nasdaq: EXXI) is expected to report Q1 earnings around Oct. 25. 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 Energy XXI (Bermuda)'s revenues will shrink -2.7% and EPS will drop -40.8%.

The average estimate for revenue is $277.2 million. On the bottom line, the average EPS estimate is $0.45.

Revenue details
Last quarter, Energy XXI (Bermuda) logged revenue of $341.9 million. GAAP reported sales were 21% higher than the prior-year quarter's $282.8 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, EPS came in at $0.93. GAAP EPS of $0.93 for Q4 were 158% higher than the prior-year quarter's $0.36 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 72.5%, 560 basis points better than the prior-year quarter. Operating margin was 34.0%, 620 basis points better than the prior-year quarter. Net margin was 23.7%, 1,120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is $3.76.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 196 members out of 208 rating the stock outperform, and 12 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Energy XXI (Bermuda) a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy XXI (Bermuda) is outperform, with an average price target of $42.36.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.