BP (NYSE: BP) is expected to report Q1 earnings on April 30. 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 BP's revenues will contract -0.5% and EPS will wane -26.7%.

The average estimate for revenue is $93.58 billion. On the bottom line, the average EPS estimate is $1.10.

Revenue details
 Last quarter, BP notched revenue of $92.89 billion. GAAP reported sales were 4.5% higher than the prior-year quarter's $93.44 billion.

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 $1.25. GAAP EPS of $0.08 for Q4 were 80% lower than the prior-year quarter's $0.40 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 5.5%, much worse than the prior-year quarter. Operating margin was -1.5%, much worse than the prior-year quarter. Net margin was 1.7%, 650 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $339.83 billion. The average EPS estimate is $4.95.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,903 members out of 5,230 rating the stock outperform, and 327 members rating it underperform. Among 1,051 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,004 give BP a green thumbs-up, and 47 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BP is outperform, with an average price target of $48.68.

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