BPZ Resources (NYSE: BPZ) is expected to report Q1 earnings around May 9. 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 BPZ Resources's revenues will wither -62.1% and EPS will remain in the red.

The average estimate for revenue is $13.9 million. On the bottom line, the average EPS estimate is -$0.09.

Revenue details
 Last quarter, BPZ Resources tallied revenue of $25.1 million. GAAP reported sales were 21% lower than the prior-year quarter's $31.9 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 -$0.11. GAAP EPS were $0.12 for Q4 versus -$0.27 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 15.8%, much worse than the prior-year quarter. Operating margin was -64.3%, much better than the prior-year quarter. Net margin was 55.3%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $70.4 million. The average EPS estimate is -$0.34.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 831 members out of 870 rating the stock outperform, and 39 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give BPZ Resources a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is outperform, with an average price target of $4.90.

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