EPL Oil & Gas (NYSE: EPL) is expected to report Q4 earnings on March 7. 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 EPL Oil & Gas's revenues will increase 32.2% and EPS will grow 23.7%.

The average estimate for revenue is $136.6 million. On the bottom line, the average EPS estimate is $0.47.

Revenue details
 Last quarter, EPL Oil & Gas recorded revenue of $86.7 million. GAAP reported sales were 2.1% higher than the prior-year quarter's $84.9 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, non-GAAP EPS came in at $0.31. GAAP EPS were -$0.06 for Q3 versus $0.58 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 71.0%, 620 basis points worse than the prior-year quarter. Operating margin was -3.3%, much worse than the prior-year quarter. Net margin was -2.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $419.8 million. The average EPS estimate is $1.63.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 146 members out of 156 rating the stock outperform, and 10 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give EPL Oil & Gas 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 EPL Oil & Gas is buy, with an average price target of $26.25.

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