QEP Resources (NYSE: QEP) 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 QEP Resources's revenues will grow 30.2% and EPS will wane -24.4%.

The average estimate for revenue is $785.6 million. On the bottom line, the average EPS estimate is $0.31.

Revenue details
 Last quarter, QEP Resources logged revenue of $704.9 million. GAAP reported sales were 17% lower than the prior-year quarter's $853.3 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 $0.33. GAAP EPS were -$0.13 for Q4 against $0.00 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 51.3%, 200 basis points worse than the prior-year quarter. Operating margin was 6.9%, 690 basis points better than the prior-year quarter. Net margin was -3.3%, 330 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.22 billion. The average EPS estimate is $1.50.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 57 members out of 60 rating the stock outperform, and three members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give QEP 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 QEP Resources is outperform, with an average price target of $38.63.

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