Eagle Rock Energy Partners (Nasdaq: EROC) is expected to report Q1 earnings around April 25. 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 Eagle Rock Energy Partners's revenues will expand 39.0% and EPS will drop -33.3%.

The average estimate for revenue is $313.9 million. On the bottom line, the average EPS estimate is $0.04.

Revenue details
 Last quarter, Eagle Rock Energy Partners logged revenue of $312.4 million. GAAP reported sales were 19% higher than the prior-year quarter's $256.4 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, EPS came in at -$0.38. GAAP EPS were -$0.38 for Q4 against -$0.19 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 24.1%, 820 basis points worse than the prior-year quarter. Operating margin was 3.2%, much better than the prior-year quarter. Net margin was -18.1%, 810 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.30 billion. The average EPS estimate is $0.19.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 533 members out of 551 rating the stock outperform, and 18 members rating it underperform. Among 168 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 163 give Eagle Rock Energy Partners a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Eagle Rock Energy Partners is outperform, with an average price target of $10.40.

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