Rosetta Resources (Nasdaq: ROSE) is expected to report Q1 earnings around 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 Rosetta Resources's revenues will expand 69.1% and EPS will grow 42.2%.

The average estimate for revenue is $193.6 million. On the bottom line, the average EPS estimate is $0.91.

Revenue details
 Last quarter, Rosetta Resources chalked up revenue of $178.3 million. GAAP reported sales were 35% higher than the prior-year quarter's $128.4 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 $0.79. GAAP EPS of $0.80 for Q4 were 31% higher than the prior-year quarter's $0.61 per share.

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 81.2%, 260 basis points worse than the prior-year quarter. Operating margin was 45.2%, 690 basis points worse than the prior-year quarter. Net margin was 24.4%, 70 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $899.6 million. The average EPS estimate is $3.95.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 292 members out of 309 rating the stock outperform, and 17 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Rosetta Resources a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rosetta Resources is outperform, with an average price target of $56.92.

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