Pioneer Natural Resources (NYSE: PXD) is expected to report Q1 earnings on May 1. 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 Pioneer Natural Resources's revenues will contract -5.9% and EPS will drop -19.5%.

The average estimate for revenue is $830.6 million. On the bottom line, the average EPS estimate is $0.99.

Revenue details
 Last quarter, Pioneer Natural Resources reported revenue of $818.7 million. GAAP reported sales were 11% higher than the prior-year quarter's $703.0 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 $0.83. GAAP EPS were $0.23 for Q4 against -$0.92 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 69.7%, 410 basis points worse than the prior-year quarter. Operating margin was -46.3%, much worse than the prior-year quarter. Net margin was 3.7%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.69 billion. The average EPS estimate is $4.73.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 285 members out of 311 rating the stock outperform, and 26 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Pioneer Natural Resources 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 Pioneer Natural Resources is outperform, with an average price target of $123.70.

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