McDermott International (NYSE: MDR) is expected to report Q1 earnings on May 8. 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 McDermott International's revenues will increase 3.0% and EPS will wane -44.0%.

The average estimate for revenue is $749.6 million. On the bottom line, the average EPS estimate is $0.14.

Revenue details
 Last quarter, McDermott International reported revenue of $996.0 million. GAAP reported sales were 22% higher than the prior-year quarter's $816.2 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, EPS came in at $0.17. GAAP EPS were $0.17 for Q4 against -$0.04 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 14.3%, 330 basis points better than the prior-year quarter. Operating margin was 8.3%, 320 basis points better than the prior-year quarter. Net margin was 4.1%, 530 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.11 billion. The average EPS estimate is $0.72.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,287 members out of 1,319 rating the stock outperform, and 32 members rating it underperform. Among 269 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 262 give McDermott International a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McDermott International is outperform, with an average price target of $14.89.

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