Vanguard Natural Resources (Nasdaq: VNR) 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 Vanguard Natural Resources's revenues will grow 35.8% and EPS will contract -34.1%.

The average estimate for revenue is $112.3 million. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, Vanguard Natural Resources booked revenue of $110.7 million. GAAP reported sales were 4.3% lower than the prior-year quarter's $86.0 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 $0.27. GAAP EPS were -$3.41 for Q4 against -$0.42 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 66.2%, 60 basis points better than the prior-year quarter. Operating margin was 54.7%, much better than the prior-year quarter. Net margin was -244.8%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $505.5 million. The average EPS estimate is $1.37.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 260 members out of 273 rating the stock outperform, and 13 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Vanguard Natural Resources 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 Vanguard Natural Resources is outperform, with an average price target of $32.67.

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