Regency Energy Partners (NYSE: RGP) is expected to report Q4 earnings on Feb. 20. 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 Regency Energy Partners's revenues will increase 2.8% and EPS will compress -83.8%.

The average estimate for revenue is $380.2 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
 Last quarter, Regency Energy Partners reported revenue of $313.9 million. GAAP reported sales were 19% lower than the prior-year quarter's $395.6 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 -$0.04. GAAP EPS were -$0.04 for Q3 against $0.09 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 22.2%, 240 basis points better than the prior-year quarter. Operating margin was 1.5%, 190 basis points worse than the prior-year quarter. Net margin was -0.6%, 830 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.36 billion. The average EPS estimate is $0.31.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regency Energy Partners is outperform, with an average price target of $27.30.

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