PetroQuest Energy (NYSE: PQ) is expected to report Q1 earnings on May 7. 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 PetroQuest Energy's revenues will contract -0.5% and EPS will grow 100.0%.

The average estimate for revenue is $35.9 million. On the bottom line, the average EPS estimate is $0.02.

Revenue details
Last quarter, PetroQuest Energy reported revenue of $38.2 million. GAAP reported sales were 0.2% higher than the prior-year quarter's $38.1 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 $0.04. GAAP EPS were -$0.41 for Q4 compared to $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 70.5%, 450 basis points worse than the prior-year quarter. Operating margin was 17.8%, 60 basis points better than the prior-year quarter. Net margin was -63.3%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $150.8 million. The average EPS estimate is $0.16.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 428 members out of 455 rating the stock outperform, and 27 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give PetroQuest Energy a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $7.53.

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