Comstock Resources (NYSE: CRK) is expected to report Q4 earnings around Feb. 4. 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 Comstock Resources's revenues will expand 0.3% and EPS will remain in the red.

The average estimate for revenue is $114.8 million. On the bottom line, the average EPS estimate is -$0.33.

Revenue details
 Last quarter, Comstock Resources recorded revenue of $117.1 million. GAAP reported sales were 1.9% lower than the prior-year quarter's $119.4 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 -$0.50. GAAP EPS were -$0.56 for Q3 versus $0.03 per share for the prior-year quarter.

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 78.0%, 460 basis points worse than the prior-year quarter. Operating margin was -14.8%, 2,490 basis points worse than the prior-year quarter. Net margin was -22.2%, 2,330 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $458.9 million. The average EPS estimate is -$1.52.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 281 members out of 304 rating the stock outperform, and 23 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Comstock Resources 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 Comstock Resources is outperform, with an average price target of $22.19.

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