Energy XXI (Bermuda) (Nasdaq: EXXI) is expected to report Q2 earnings on Jan. 31. 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 grow 0.8% and EPS will contract -41.4%.

The average estimate for revenue is $343.3 million. On the bottom line, the average EPS estimate is $0.65.

Revenue details
Last quarter, Energy XXI (Bermuda) chalked up revenue of $270.2 million. GAAP reported sales were 5.1% lower than the prior-year quarter's $284.9 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, EPS came in at $0.19. GAAP EPS of $0.19 for Q1 were 75% lower than the prior-year quarter's $0.76 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 66.1%, 600 basis points worse than the prior-year quarter. Operating margin was 21.0%, 1,480 basis points worse than the prior-year quarter. Net margin was 6.8%, 1,650 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is $2.84.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 205 members out of 216 rating the stock outperform, and 11 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Energy XXI (Bermuda) a green thumbs-up, and two 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 $41.60.

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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. TMFDisclosureHere