Chesapeake Energy (NYSE: CHK) 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 Chesapeake Energy's revenues will grow 30.6% and EPS will grow 38.9%.

The average estimate for revenue is $3.16 billion. On the bottom line, the average EPS estimate is $0.25.

Revenue details
 Last quarter, Chesapeake Energy tallied revenue of $3.54 billion. GAAP reported sales were 30% higher than the prior-year quarter's $2.73 billion.

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 $0.26. GAAP EPS of $0.40 for Q4 were 37% lower than the prior-year quarter's $0.63 per share.

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 40.7%, 10 basis points better than the prior-year quarter. Operating margin was 14.6%, 220 basis points better than the prior-year quarter. Net margin was 8.5%, 880 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $12.52 billion. The average EPS estimate is $1.39.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 7,419 members out of 7,653 rating the stock outperform, and 234 members rating it underperform. Among 1,287 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,250 give Chesapeake Energy a green thumbs-up, and 37 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chesapeake Energy is outperform, with an average price target of $23.78.

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