Parker Drilling (NYSE: PKD) is expected to report Q4 earnings on Feb. 21. 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 Parker Drilling's revenues will shrink -11.8% and EPS will shrink -64.7%.

The average estimate for revenue is $159.7 million. On the bottom line, the average EPS estimate is $0.06.

Revenue details
Last quarter, Parker Drilling chalked up revenue of $165.3 million. GAAP reported sales were 6.4% lower than the prior-year quarter's $176.6 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, non-GAAP EPS came in at $0.10. GAAP EPS of $0.09 for Q3 were 50% lower than the prior-year quarter's $0.18 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 38.6%, 530 basis points worse than the prior-year quarter. Operating margin was 15.2%, 820 basis points worse than the prior-year quarter. Net margin was 6.6%, 510 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $681.3 million. The average EPS estimate is $0.55.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 642 members out of 667 rating the stock outperform, and 25 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Parker Drilling a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parker Drilling is outperform, with an average price target of $7.38.

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