Anadarko Petroleum (NYSE: APC) is expected to report Q1 earnings on May 6. 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 Anadarko Petroleum's revenues will compress -0.1% and EPS will expand 2.2%.

The average estimate for revenue is $3.45 billion. On the bottom line, the average EPS estimate is $0.94.

Revenue details
Last quarter, Anadarko Petroleum recorded revenue of $3.41 billion. GAAP reported sales were 10% lower than the prior-year quarter's $3.84 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 $0.91. GAAP EPS were $0.40 for Q4 against -$0.72 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 79.7%, 150 basis points worse than the prior-year quarter. Operating margin was 18.1%, much better than the prior-year quarter. Net margin was 5.9%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $15.10 billion. The average EPS estimate is $4.09.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,451 members out of 1,498 rating the stock outperform, and 47 members rating it underperform. Among 310 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 303 give Anadarko Petroleum 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 Anadarko Petroleum is buy, with an average price target of $98.02.

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