QR Energy (NYSE: QRE) 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 QR Energy's revenues will increase 66.3% and EPS will wither -75.0%.

The average estimate for revenue is $109.4 million. On the bottom line, the average EPS estimate is $0.26.

Revenue details
 Last quarter, QR Energy reported revenue of $97.4 million. GAAP reported sales were 8.2% higher than the prior-year quarter's $165.4 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 $2.21. GAAP EPS were -$0.20 for Q4 versus -$1.30 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 60.6%, 110 basis points better than the prior-year quarter. Operating margin was 28.1%, much better than the prior-year quarter. Net margin was 18.4%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $482.2 million. The average EPS estimate is $1.20.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 103 members out of 107 rating the stock outperform, and four members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give QR Energy a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QR Energy is outperform, with an average price target of $21.05.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.