SM Energy (NYSE: SM) 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 SM Energy's revenues will expand 22.2% and EPS will grow 20.8%.

The average estimate for revenue is $461.2 million. On the bottom line, the average EPS estimate is $0.58.

Revenue details
 Last quarter, SM Energy booked revenue of $444.3 million. GAAP reported sales were 6.8% higher than the prior-year quarter's $410.7 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 $0.45. GAAP EPS were -$1.02 for Q4 versus -$1.89 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 73.1%, 260 basis points worse than the prior-year quarter. Operating margin was -23.2%, much better than the prior-year quarter. Net margin was -15.3%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.00 billion. The average EPS estimate is $2.55.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 281 members out of 298 rating the stock outperform, and 17 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give SM Energy a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SM Energy is outperform, with an average price target of $69.60.

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