National Oilwell Varco (NYSE: NOV) is expected to report Q4 earnings on Feb. 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 National Oilwell Varco's revenues will grow 24.3% and EPS will increase 5.1%.

The average estimate for revenue is $5.29 billion. On the bottom line, the average EPS estimate is $1.44.

Revenue details
Last quarter, National Oilwell Varco logged revenue of $5.32 billion. GAAP reported sales were 42% higher than the prior-year quarter's $3.74 billion.

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 $1.52. GAAP EPS of $1.43 for Q3 were 14% higher than the prior-year quarter's $1.25 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 25.8%, 530 basis points worse than the prior-year quarter. Operating margin was 16.9%, 370 basis points worse than the prior-year quarter. Net margin was 11.5%, 270 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $19.64 billion. The average EPS estimate is $5.85.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,743 members out of 3,793 rating the stock outperform, and 50 members rating it underperform. Among 958 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 949 give National Oilwell Varco a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on National Oilwell Varco is outperform, with an average price target of $96.17.

Is National Oilwell Varco the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.