Parker Drilling (NYSE: PKD) 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 Parker Drilling's revenues will wither -5.4% and EPS will come to zero.

The average estimate for revenue is $167.1 million. On the bottom line, the average EPS estimate is $0.00.

Revenue details
 Last quarter, Parker Drilling logged revenue of $157.2 million. GAAP reported sales were 13% lower than the prior-year quarter's $181.1 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 -$0.03. GAAP EPS were -$0.17 for Q4 versus -$0.77 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 28.0%, much worse than the prior-year quarter. Operating margin was -5.0%, much worse than the prior-year quarter. Net margin was -12.8%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $739.4 million. The average EPS estimate is $0.26.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 643 members out of 666 rating the stock outperform, and 23 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Parker Drilling a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parker Drilling is outperform, with an average price target of $6.25.

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